I've got a 62 inch Mitsu DLP in my basement, and a 37 inch Olevia LCD in my bedroom. It's a little hard for me to compare them since their size is so different, but two things (that you may already know from researching) are very noticeable.
My DLP does black levels MUCH better then the LCD. I can really notice it when i'm watching them with the lights turned down/off. We watch movies on our big screen with the lights dimmed, so this works out nicely. Granted it doesn't really bother me much on the LCD, but it's certainly a noticeable difference between my TV's.
On the flip side, my LCD has "brighter" looking colors then my DLP. I'll often start watching Sunday/Monday night football on my DLP in my basement, and then watch the 2nd half on my LCD in bed. This is when I first noticed a difference in brightness... the uniform colors just seem to jump out at you more. Not sure if this is due to brand, settings, or the fact that the screen is smaller... but it's a noticeable difference when going from one to the other. Granted, i've never watched my DLP and thought, "gee I wish the colors were brighter" so go figure!
To conclude, I don't really think you can go wrong with either technology. Just do your research and see which pros/cons are more important to you. I absolutely LOVE both of my TV's, and it would be hard to pick one or the other which I think looks better... i'm a little partial to my DLP, but it's much bigger and is hooked up to my surround sound. Man just typing about this makes me want to go home, crank up my surround sound and watch a movie!


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