I think we can begin to sum things up from the few, already-posted, reviews...the HC5000 is not perfect and it is not the second coming of Christ, but it is a very good projector
I'm not sure what people were expecting with this unit. To me (and to the reviewers who have written so far) it offers a heck of a lot for the price that Mitsubishi is asking. It's all been right there in the specs since the beginning! Rated at 1000 ANSI lumens, uses a dynamic iris and is a LCD projector. Why on Earth are people so shocked that when you use the low lamp mode, adjust it to D65 and zoom out that you end up with something closer to 300-400 lumens? Isn't that extremely typical and normal of a projector rated at 1000 ANSI lumens? According to PC the Mitsu can actually come very close to that rated spec when adjusted for maximum light output at the expense of accuracy. Again, isn't that completely typical and normal?
We've known it uses a dynamic iris and that the new LCD panels have a native contrast ratio of around 1500:1. Why are people so surprised and upset that it can't kill DLP or LCoS in terms of shadow detail? And it still looks like a LCD projector? Well how DARE it! I mean it IS a LCD projector, but to still LOOK like one? That's just unacceptable!
C'mon folks...this thing is obviously very very good. Look at how much you're getting in terms of features (power zoom, focus and lens shift, super duper quiet, unusually long lamp life in low mode, top quality video processing) and then add that it has better on/off contrast and a deeper black level than a DarkChip2 DLP, ANSI contrast similar to the SXRD Pearl and a very sharp almost SDE free image. And all of this is coming it at the lowest price point for any 1080p projector! If it were more expensive or had claimed to be a lot brighter/higher in contrast/not LCD in its specs, then fine, maybe we should have expected more. But to me it looks like Mitsubishi hit this thing out of the park and delivered on exactly what the specs had indicated...whatever else people could have wanted is beyond me.