The Epson is the only HDMI 1.3 projector on the market right now. So you’d have that covered. I have not seen the Z5 or the Epson in person. Sorry, I can’t tell you if one would look better than the other. I can only speculate, and that speculation is that the Epson would be better overall.

Another promising 1.3 AVR is the upcoming Sherwood Newcastle. Axiom will be selling it this fall I believe.

The new 1.3 Denons are also rumored to have Reon processing.

But keep in mind that anyone can screw up a wet dream. Just take a look at how bad JVC screwed up the RS1 projector with the Reon chip. Just cause a gadget has the new toys, doesn't mean they'll work worth a crap.

And in all truth, you don’t need HDMI 1.3. It’ll be a good two years before true color is on disks. Per my crystal ball.....