Have a W1070. It strikes me as ridiculously good value for money compared with any other kind of TV/projector. Bought mine from Richer Sounds so have peace of mind with projectors being new to me (got a 5 year warranty).
I find the noise a non-issue given the price. Also it doesn't help mine's in a small, low ceilinged room (it's only a couple of feet above my head).
The main con for me is that it's a DLP projector and thus, in my case, has some blur. Apparently not all are susceptible to it but I find when watching dark scenes (i.e. Walking Dead episodes) with quick movements that there is often blur. I also found the blur very pronounced when watching David Attenborough's Life Story episode with the hummingbirds. Anyway, that wouldn't stop me from recommending it. It has huge wow-factor for the price and despite that flaw hasn't disappointed. I wouldn't want a £500 TV instead.
Edit: If you do get one and want to save costs on a screen then look up 'black widow' paint mix. You'll find it on AVSForum and Wikipedia. I used it and I'm very happy. Before applying I sanded, white primer, sanded with a fine grain, white primer, sanded with a very fine grain, primer and then black widow. It was time intensive but cost me £50 which was significantly less than 110 inch screens. Also use
this to ensure it'll project the right sized image in your room. Finally, if you're going to ceiling mount it then invest in a good bracket/mount. Cheap ones you find on Amazon are just that - I'd put at least £50 aside for a decent ceiling bracket.