one issue i don't see addressed much = noise.
i have yet to deside on my first PJ. but, no matter the video quality, it must be quiet ! mine will be mounted right above me. i don't want to hear it !!! i understand the dlp's are out, for me.
Something to consider - which most people don't.
The fans on projectors are not pointed down - they are pointed forward, backward, or to the side. This means that the quietest location to sit, in relation to a projector, is directly above or below the case.
Most people say exactly what you did: It'll be right above me.
But, they fail to realize that for sound, this is really one of the best locations you can be sitting in.
About the best thing you can do is get it as far away from your head as possible and to keep it as close to directly overhead as possible. You can always consider a hush box if you want, but they tend to be difficult to build and often don't integrate into the space you are in.
But, overhead is THE place for the projector to be.
Don't forget to look for reviews on different projectors and seek out the noise of them. Most projectors, these days, are fairly quiet.