Here's the very bottom line: The BenQ W1500 earns our Special Interest Award. Understand, terms of picture quality, brightness and several other areas, the W1500 does deserve a Hot Product award, but it comes up short in one area that makes this Special Interest award more suitable. Before I continue, at the time of this review being published the street price of the W1500 seems to be centered around the $1600 price point in the US. Most dealers are there or higher.
That issue is price-performance. And the primary reason really is due to just one competitor. Sadly for the W1500, that other competitor, which can hold its own with the W1500 in terms of brightness, black level performance and great color, sells for at most, 40% less than the W1500. In the US, the W1500 seems to be selling for True, that competitor lacks a few features found on the BenQ W1500, but only if you must have one of those features - the Wireless HDMI (WHDI), can I rationalize it as worth the pricing difference.

A Special Interest Award indicates a really very good projector, but one that may be best for only a small slice of projector owners
So, which excellent home entertainment projector has such a big value advantage over the W1500? No, it's not the Epson Home Cinema 3020/e, or their 2030, no, it's definitely not the Optoma HD25-LV which has great blacks but otherwise isn't a match due to several fairly serious issues.
Figured it out yet? No? OK, I'm done tormenting you. The main reason the W1500 had to settle for a Special Interest award, is the BenQ W1070. Simply stated, if you don't need the wireless, it's just too hard to rationalize $600+ extra for the W1500. Now I hear that there's also a BenQ W1400 sold in some parts of the world, but not the US. That W1400 lacks the wireless HDMI, so no doubt sells for the equivalent of perhaps $300 (US) less. That W1400 projector from BenQ very well may equal the price performance of the W1070 for those that do not need wireless HDMI.
I hope BenQ can live with my award decision. Remember, the color is great, the picture very bright and dynamic, ready to tackle a wide variety of rooms with "reasonable" lighting control.
This is a projector that many people will really love using and owning, it just comes down to the question: Is it the right one for you?