It's low price should make a great entry level projector for a lot of folks. (The football scrimmage shot was taken with more than a little ambient light in the room.)
Finally, it makes an excellent, low cost, crossover projector, one you can buy for business usage, and have it double as a very respectable home entertainment projector. Or, of course, the other way around - buy for home, take to work when needed! Buy one, use it for both, and take the appropriate tax write-off.
This year's Epson Home Cinema 705HD positions better than its predecessor, the 700 did last year. This is thanks to the lower cost, and the brighter image. Other improvements are there, but those two improve the value proposition compared to Epson's entry last year. Although not without competition, it's a pretty darn good entry level home entertainment projector, if you ask me.