If I could get a fanless 4K projector, I think I'd go for that nowadays. My walls are already white, and the concept of "hiding" my TV is increasingly appealing.
Definitely agree it would be nice to have a hidden TV though :)
But also, if you want high-quality surround sound, then the center speaker needs to be at ear height in front of you. The way home cinema owners arrange that is by putting the speaker behind a screen that has tiny perforations to let the sound through.