Just read something on AVS that the 4 minute fan cooldown is so you don't turn it back on again while the bulb is still hot. This makes sense to me that cooldown is fine without the fan, it will just take longer before it is cool, which means longer before it should turn on again.

I think I am going to hold off on the power strip upgrade for now. I can always change my mind after I play with the TV for a week or so. Thanks for all the advice.