Difference between multimedia and home theater projectors?

Looking for something to watch movies and game on. I was looking at projectors and noticed the insanely low prices on multimedia projectors at best buy. And this one i'm checking out has a component video adapter! Would this compliment my xbox 360? Or should i look elsewhere?

http://www.bestbuy.com/site/olspage.jsp?skuId=8993565&type=product&id=1218007083180