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SvennoJ said:

I play games with a 1080p projector on a 92" screen. It's worth the price of admission, great experience but not cheap if you want a quality setup. I paid about $2400 for a 1100 lumen home theater projector to get the best movie experience with another $800 for a good screen, plus replacement bulbs cost $350 every 2000 hours.
Games like GT5 and Wipeout HD are so much more immersive on a big screen. And all racing games and anything else with precision steering becomes a lot easier.

A projector like this would be a brighness upgrade over your current projector and would save you the bulb cost over its lifetime since it has an estimate of 20K hours.

http://www.newegg.ca/Product/Product.aspx?Item=N82E16824116575

And this is only the first gen of these high end LED home theater projector. Within 2 years these should be $999