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There’s been a lot of fuss over the rapid drop in price of big-screen flat panels, but that ain’t nothing compared with the free-falling MSRPs you’ll find over in the 1080p projection realm. Two years ago, the going rate for one of the first 1080p projectors was about $10,000. Last year, we saw a number of high-quality offerings around the $5,000 mark. This year, companies like Optoma, Sanyo, and Mitsubishi have released 1080p projectors priced under $4,000. These entry-level models feature a nice complement of advanced image-adjustment options and all of the desired video inputs: HDMI 1.3, PC, and component video. But the important question is, how does their performance measure up with pricier competition? You’ll have to read on to find out.