It was my in-laws. They got the 400 from roscoe too. In any case, do I think it is $700 bucks better, IMO a definite yes. Now here is where there might be differences between some of us. First of all, I am not a fan of LCD. I do not want to have convergence issues or need to replace the LCD panels or even worry about it. In terms of PQ, the VP4001 is much sharper, vividly better colors and inky blacks. Even if the Epson was DLP, I could not have those things lacking for my preference. Some seems to be content with the PQ of a HD1000U, HD70, 400, hc3000 etc, I know I was not satisfied so I held out to get much better blacks from the VP4001. Now, this is because I am using it in a dedicated theater, if I were using it where more ambient light would be for sports or presentations solely, I would save and get one of the others. The thing I like about the VP4001 is that I can do movies and sports just by changing the iris position. YMMV.