Is this a Great Projector for a Home Theater?

It has to have great great great definition. It will be used for watching movies, playing video games, connecting with the internet, watch football, etc. Although usually the theater will be dark, the screen should be crystal clear even with light in the room—or at least close to it.

http://www.walmart.com/catalog/product.do?product_id=10226372

On a scale of 1-10 how would this projector rate and why?

That’s the most I am willing to spend. Also, I am looking for 2 pairs of 3-seat chairs for the home theater as well. Not looking to spend that much. Is there anywhere I can buy quality leather ones for under 00 combined? Where?

Serious Answers ONLY.
Thanks in advance.
10 pts to best and detailed answer.

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