For anyone from Marantz who reviews this forum, I'm a VP12-S3L owner, and a happy one. But as much as I'd like to replace my two-year old unit with a new VP11 for our newly-built movie room, given current prices for used projectors that won't happen any time soon.
I don't regret spending over $20,000 on this, and I believe it's better than many 1080 units I've seen recently, but I won't spend that kind of money again without a program from Marantz that alleviates some of the depreciation pain.
If you're selling these like hotcakes, more power to you, but I have to believe that when sales slow down, offering something to loyal VP12 owners will help increase the numbers again. In the meantime, I'll wait a few more years to join the HD bandwagon. By then, I'm sure there will be a VP11S3 or S4.