At it's price point yes, but the contrast will be very low regardless. Anyone reputable got numbers? I'm guessing native 700:1, dynamic maybe 2000:1 ?
As for sophisticated glass optics
... I can tell you now, the plastic lenses on a 10 year old jvc are far better than this, it's not even close. Touting 'all glass optics' doesn't mean anything if the glass elements are made on the cheap and arranged the same way. They, like all the others, are just on the same bandwagon, trying wow you with fancy terms. Those small bk7 elements can be produced for a couple of bucks each and coated for the same!
I think it's a good projector for the money I really do, but it doesn't compete with anything more expensive, like the 5700, or step up again to the Epson 6050. I've had all 3 side by side. It's not meant to anyway hence the pricing. I don't know what other $1500 dlp machines are there to compete with it anyway? optoma?
With regards to test patterns, yes obviously we don't watch them. I look at test patters as like a doctor for the projector, it will show what's wrong with it in some areas. They should always be used. But you can see the CA during movies, it's not hard to miss at most times.
The problem is though, if those CA problems were not there, you don't realise how much BETTER the image would be. That's why people buy projectors with good optics, like the LK models and the more expensive Sony's and now this new Epson 6050.
Let's just keep this within the realms of reality eh