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Go for it you can't beat it, as long as you have a good dark room. Just don't expect to be satisfied watching a regular size TV ever again. Some video games can make you quite dizzy when playing on it at first, but you get used to it.
I picked up the X1 off Amazon for less than $1k about 6-8 months ago and it still looks great. The rainbow effect some people complain about can be seen if you blink your eyes really fast or wave your hand in front of it, but during normal viewing it doesn't seem to be a problem.
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