Right, thought so.
This is cool and all, but I don't see how it's going to save the movie theater business, or the movie industry. I don't even have a fancy home theater and I'd rather watch movies at home, on my shitty laptop screen, than go out to the movies on the majority of occasions. The thing keeping me from going out is more to do with the cost (of the movie), the overpriced concessions, the 30 minutes of commercials and previews before the movie, the lack of a "pause" button so I can go take a wizz, the talking people in the row in front of me, the idiot behind me who keeps kicking the back of my seat, etc., etc., etc...
And note that these guys are looking at this as justification for raising ticket prices.
I just don't see it. OK, sure, hardcore cinemaphiles will go and slobber over this, but is the average movie-goer really going to care that the screen is a bit bigger, or that the color depth is a bit better? My guess is "no".
But hey, more power to them. But if you want more of my money, you're going to have to find a way to deliver a better experience, and bigger and brighter screens aren't going to do it.