I have been using a projector for video gaming and television, and my lamp is hardly more than halfway empty after two years of using it. They are quite expensive to replace, but make no mistake, they last for quite a long time.
I use an Optoma DX625. It works great, and even comes with an adapter for component HD cables for your next-gen game consoles. Sadly no HDMI port, but adapters can be purchased that use the DVI plug for HDMI. They retail for about $850; I bought mine at Costco :P
If you absolutely NEED hdmi, Optoma makes a different version of the 625 that replaces the DVI with an HDMI (I believe it's called the ED625, but I may be wrong); you order it off their site, and it costs roughly the same. Either way, I would definately recomend this projector if you are looking for an affordable yet efficient home theater setup.
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