Looking all for a budget home theater projector. Will 480p do for now?

I have associate Epson Moviemate and really respect it. I also have the Epson wireless sound bunch "Accolade" and it works great for ME since I don't need to deal with wires. I have alike feeling too. 1080p HD LCD or Plasm will go down in price. I'm waiting to see in nearly two old age.