Aaxatech P1 budget home projector?

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I'm just tossing this idea around to get some feedback. I've recently come across this product: aaxatech.com/products/kp190_p1_pico_projector.htm . It's what's called a pico projector that can throw up to a 72" screen Now I understand that these aren't going to be as bright as a real "home theater" projector but it's also a fraction of the price. I can just hook up my DVD to it via A/V cables, hook up my PC speakers to it and voila budget home theater! :P

Think this will be enough, or should I wait for the 2nd/3rd gen pico projectors coming out? I've attached a picture, I know it's not exactly a movie but I found one attached to a Wii which I thought was pretty cool, I'll just attach it to my PS2 instead

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Oh, I forgot to show what made me interested, it's this video on YouTube

youtube.com/watch?v=Se8rfbPGWuI