The Projector People are at it again, this time serving up some 1080p projection at a very attractive price.

The model is Mitsubishi’s HC5500 LCD projector, featuring full HD resolution of 1920 x 1080. ProjectorPeople.com has a nice $500 rebate that lowers the price to $1,995, and when you do the “click for our price” thing it gets dropped to $1,695—not a bad way to enter the 1080p projection fray.

Here are some other tasty specs for the HC5500:

• 1200 lumens brightness
• 14000:1 contrast ratio
• Hollywood Quality Video (HQV) processing
• 19 dBA super-quiet noise level
• Motorized up-down 50% lens shift
• 2-year warranty

Inputs include a pair of HDMI 1.3 ports, plus component, S-video, composite, and RS-232 serial input.

The projector weighs 12.3 pounds, and can produce an image 50 to 250 inches. The mail-in rebate offer is good through December 31, 2008, so you can go ahead and add it to the holiday shopping list.

Arlen Schweiger - Editor of Electronic House Magazine

Arlen writes about home technology installations and product news and reviews for electronichouse.com and Electronic House magazine.