A good front projection setup, with 1280x720 (HD) resolution, will run you under $3,000 w/projector, mount, and a good fixed frame screen from Carada or Severtson.
That's for a 106" diagonal.
Now, how many 50" displays can you get for 3 grand?
How is the image? It is very comparable. Often better, most definitely bigger. Home theater begins at 80" diagonal, not a 50 or 60 inches. Anyone who has ever gotten front projection is just floored by the experience. This is the bottom line! Everyone is hesitant, because it just doesn't seem like a projector that costs around $2,000 combined with a screen will actually produce excellent results. It's just a common misconception that is bred by the big box stores not carrying front projection setups. Or, those that do, only using $10,000 projectors, so you end up thinking that the $2,000 projector must not be nearly as good.
Step beyond your fears, it is awesome.