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Old 03-21-2010
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Damn, tough call... I think you're best bet if being frugal is a decent laptop and go external display to a LCD of your choosing. Most new lappies have HDMI outs on them. I'd stay PC based for flexibility. Speakers are whatever works really, there are a ton of 5.1 systems out there...

Edit: I would not touch a projector, they are great in low light environments - not so much if day light is around...
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