...Laughable. Too dim, too late. One who buys a ~$3000 98" Redmi would have gotten far superior value for a product serving comparable purpose.
The gamut(by a small margin), lack of blooming from local dimming, and maximum screen size go in favor of the projector, but the standard screen size immediately past 100" is 120", and at 120" one will be unlikely to reach even 150nits with a light source that dim, unless one uses high gain screens that inevitably introduce optical artifacts. The TV will probably have over a stop's DR advantage in HDR(most of these are halfway between HDR400 and HDR1000), far less limiting viewing conditions, far easier setup, and a longer lifespan both in terms of the light source and accounting for the degradation of the SXRD panel which will shrink the color gamut even if the light source is eventually replaced.
They might get to fool around for a couple years more before cheap panels such as the Redmi reach all corners of the earth.
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Speaking of which, Sony's own 100" flagship TV was priced in the same range of this projector, and it offers ~1000nits, est. >1000 dimming regions(not as much as it sounds at 100", but already class leading), and full P3 coverage. Who would be stupid enough to sacrifice almost every other metric for 20" more screen size that could only be used in the dark with lights off?