1) can a screen be mounted away from the front wall i.e. hanging from the ceiling ... would it swing and sway?
Generally speaking, fixed on-wall screens should be treated as such. Yet, you may still do this. If you do this with a screen not designed to be mounted away from the wall, you will want to come up with a way to weight the bottom of the screen to help it avoid room drafts.
The only reason a screen would move if there is enough airflow in the room to get it moving, and the more a screen weighs, the harder it is to get it to move.
Tab-tensioned, motorized screens from quality manufacturers use fairly lightweight material with a HEAVY bar at the bottom. This means that even a breeze gets something moving, the bar pulls it all downward and tight and motion stops very quickly... Unless there is a lot of air movement.
2) can you guys recommend some screens (online would be preferrable)?
www.carada.com is one of the best you can get at any price, and is cheap for the quality you get.
www.draperinc.com
www.dalite.com
www.stewartfilmscreen.com
http://www.elitescreens.com/
If you are on a really tight budget and considered do it yourself options, then
www.htdepot.com has some very inexpensive offerrings that are of pretty solid quality.
3) if i was to want an acoustically transparent screen ... would that sacrifice picture quality?
It can if you go to cheap. But, newer AT screens have holes in the fabric which are designed to mate with 1080p projectors nicely. You do get something like 10-20% light loss from AT screens, but this is actually not horrendous and should simply be considered with whatever projector you get, and can be corrected with a 1.3. gain screen.
Similar to how the acoustics of the room plays a huge part of how your audio will sound in the room, the color of the room and all furniture plays a huge part in the visual quality of the projector. Dang it! It's a theater, paint it like your theater, not your family room!
Read some of my screen FAQs here...
http://www.bigscreenforums.com/forum_topic.cfm?which=3448
Look at how lighting affects display quality here...
http://www.avintegrated.com/lighting.html
Always consider screen size as a reference between THX viewing standards and your personal preferences for theater viewing.
That is - screen width = .66x your viewing distance. If you sit at 12', then you want a screen 8' wide, or about 110" diagonal. BUT! If you prefer sitting towards the back of a movie theater, you may want something smaller, and if you like sitting towards the front of the theater you may want something a bit larger. 110" would be similar to sitting in the center of a properly designed movie theater.