My tv is nothing fancy. Just a cheap Sceptre 40" set I got after my 55" Sony KDS55A3000 blew up. Haven't felt the need to go bigger, but if, or when I do, I'll probably go with a projector.
I get my lighting from Barlighting.com. I have the "audio" sensor ones so if I feel like it, I can have them go to music. To give you an idea, here's a little video I made: