Is a home theater projector a good choice?

I'm planning on putting a projector with an approximately 106in screen in my room. This projector will be used mainly(maybe only) for my xbox360. Is this a good choice? Are there any major issues with projectors?

Related posts:

1. General home theater projector questions and … anyone using a projector for a 60″ or less screen size?
2. Is there a difference between a home theater projector and a power point projector?
3. What is a good projector for a home theater for a cheap price?
4. What home theater projector should I buy?
5. Would you consider a Dell Projector for a home theater?