Even though projectors can upconvert they generally do a okay job. For great upconversion and a good price point check out the Oppo upconverting DVD players (981HD). They are fantastic. Here is a link to AVSFORUMS.COM, they love this player.
http://www.avsforum.com/avs-vb/showthread.php?t=1001832
or check out
http://www.oppodigital.com/ The oppo players have high quality Faroudja processing and look great.
I wish I was good at one thing rather than average at many, but oh well.