What Bob said 200% and them some. It's a weak device for what you really want to do for move enjoyment. (Why skimp?)
You *should* be targeting a deal on a slightly used office model. Often they are bought by small businesses, sit in an unused conference room for a year then dumped on craigslist, etc. That's where I would look for a real projector that you can enjoy ;).
FWIW, I've seen some on sale listed as 1024x768 native resolution, 1500 lumens for $500. Some even had HDMI inputs, if that's important to you at all.
I love watching movies! I just can't afford a big home theater projector. Looking through the internet I came across the AAXA P4. I only came across professional reviews and I wanted to see what you guys think. I can post the links I ran into if you would like. Thanks for the help.