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LCD Rear-Projection

Available sizes: 42"-70"

Advantages:

Ultra sharp image - Due to the large pixel gap, these displays can look extremely sharp at the right distance.
No rainbow effect - Unlike DLP, there is no possibility for a rainbow effect.

Advantages:

DLP Rear-Projection

Available sizes: 42" - 67"

Advantages:

Black level - Currently sports better black levels than LCD.
Smoothness - DLP offers a smooth picture due to the smaller pixel gap.

Disdvantages:

Video noise - Random sparkles in darker areas of the screen.
Possible rainbow effect - Moving your eyes quickly may cause you to see a rainbow of color