This seams a really good price for a native 1080P projector currently on offer with free delivery at Ebuyer.
Full HD (1920 x 1080)
16:9 (Native), 4:3 (Compatible)
1.5 ~ 1.8:1
4500 Hour (Normal Mode); 6000 Hour (Economy Mode)
Also 3D capable with compatible (active shutter) glasses.
Looking on HUKD it appears to have been around the £330 mark in the past and over £400 currently elsewhere so at less then £300 it's a decent saving.
Unfortunately I don't have space for a projector anymore otherwise I would be very tempted :)