You might be surprised how much light you can tolerate with the newer high-output DLP and LCD projectors. Although you cannot manage with either the sun or even a ceiling lamp shining on the screen, the colors are less washed out than you might expect. I have two unshaded windows in my room, and I can watch TV during the day (football, auto racing) quite happily, except the 20 minutes or so that the sun shines directly through one window onto the screen.
Try it - you might like it!
Try it - you might like it!