Guys,
This past week I got an i1 Display LT colorimeter so I set to calibrating my JVC RS1 front projector this weekend. I ripped free rec 709 BD and HD-DVD calibration disks to DVD-RWs and used ColorHCFR (both from AVS) to do the calibration. I thought I had things dialed in pretty well with DVE. Holy crap was I wrong. It took about 3 hours to get a full set of before readings and then fully calibrate and get after readings, but man does it make a difference. DVE will get your colors OK, and it'll get you to set up your brightness and contrast correctly, but it won't allow you to properly set your greyscale and gamma. I cannot stress how much of a difference it can make. With my PJ, everything looked much more accurate and realistic after doing a full calibration. You could pay an ISF certified technician twice as much as the meter costs to do the same thing, but you'll have to have it repeatedly done if you have a front projector. The color temperature changes significantly as the bulb gains hours. If you do it yourself, you can recalibrate every 100-200 hours on your bulb. Once you get the hang of it, it's easy. Then, you can watch movies in bliss as you know you're seeing a wonderfully accurate portrayal of what the film maker intended.
Go for it if you haven't,
Krister