I haven't checked out the XRT-2700 in person yet, but will do so as soon as I can. I've been chatting with the business owner about it; Trevor was always friendly, responsive, and eager to answer my questions. He was very clear with me that this is a value oriented projector, and can't compete with products a few times the price point. Yet, it's supposed to be impressive for the price, and the specifications (on paper at least) seem adequate (to me) for an entry level projector, to be used in a relatively dark, room.
Comparatively speaking, my first projector back in '99 (SharpVision XV-H37VUA) produced 83% of the brightness, 20% of the claimed contrast, and 62% of the resolution of the XRT-2700. And, my replacement lamp was $350. We were quite happy with the Sharp, and never had any complaints about overall brightness, but did wish the black levels were a tad better, and the screen door effect minimized (Never did buy a Cygnus IMX, just nudged the focus a gnat's hair). It really made me smile every time i watched it.
I know times have changed, and our expectations from AV equipment have grown more sophisticated. It may not measure up to the latest specifications, but if the XRT-2700 actually does what the numbers (and the owner) claim, why wouldn't it be worth picking up and playing with at <$400?