Took advantage of a discount for a manufactured refurbished unit. It does not come with a ceiling mount as is included with new units, but I already have a projector mount. Also happy to note that the "runtime hours" was zero -- was not sure what to expect with a refurb, but either they zero out the hour count or ensure a new laser is installed.
This is a very nice drop-in replacement for the 5040UB with identical throw ratio and the thing I really like about Epson projectors -- the motorized zoom, shift, and focus which makes for a very easy setup.
Compared to the 5040UB, brightness is improved, fan noise is reduced by quite a bit, laser should mean consistent brightness for many years, and with 4K Blu-ray disks the picture is sharper. To the casual viewer, the brightness is the biggest difference and during the day in a light-controlled room, it is noticeably brighter for watching sports.
The only thing I do not like is that a white version is not available. This would help disguise the unit against my white ceilings as I am not using the LS12000 in a dedicated home theater. Now I have to take the time to do a vinyl wrap on the projector.