As far as portability goes, they make portable projectors. They are usually low res with low powered lamps.
This makes them fine for presentations or what not, but not very good for entertainment.
As for regular projectors, they would be more robust ( in regards to portability ) than a 47" tv.
A few things to consider:
Resolution - any thing comparable to your tv is going to be $800 to a $1000 and up
Lumens - depending on the ambient light levels where you plan to use a projector, you will want
a fairly high lumen rating. The lower res projectors come in a broad range of lumen levels,
while the higher res projectors tend to come with lower lumen levels. The high end projectors
are expected to be used in a dedicated "theater" setting with more controlled ( lower ) ambient light sources.
The lower lumens on high end projectors actually allows for better color because there is less "bounce back"
or "scatter" from the screen
Screen - a plain white wall ( flat, not glossy ) with no texture, is perfectly fine for a projector unless you
are expecting theater quality colors and depth. Even walls with a little color ( like off white, eggshell, light tans
and greys ) will not effect the color that much. You would be surprised how quickly the brain adjusts to the
slightly off colors. I use a projector in my living room for both my "tv" and my "computer" screen, and my walls
are a light tan with a little grey ( taupe ? ). I only noticed the whites were a little off. I recently painted my
projection area with a certain white recommended by other projector users, and the only real difference it made
was in the whites and the contrasts. A good, down and dirty, solution for a screen would be to get a roll of 48"
plotter paper. You would want a matt white with a tight weave and heavy duty ( what they refer to as 36lb or heavier ).
A 7' piece would give you a roughly "16x9" format, and you could use tacky putty to mount it on any wall without
leaving a mark. If you are wanting a great picture, your only choice would be a projector screen, and I don't know
how portable that would be in your circumstances.
If you are wanting something comparable to your HDTV, you would need a 1080p 3D projector ( $1200 or more ),
and a high end screen ( $500 or more ), in a room with very little ambient light. Make sure to have a high speed
hdmi cable. Many people would be surprised how much this effects picture quality. Unless you really want the 3D,
I would not recommend 3D in a projector. Some people see a bit of a "rainbow" effect with 3D projectors, it
is not true for everyone, but it is a known effect.
If you would be satisfied with a reasonably good picture, then I would recommend a 720p projector with 1800 to
2000 lumens ( $600 to $800 ), and the paper screen setup I suggested earlier. In a room with low ambient light,
this will give you a very decent picture.
I have a white painted wall with a good 720p projector, and even during the day, my picture is pretty good.
At night, with a single lamp on behind me, even a movie as "color intensive" as Avatar is pretty good.
note - Watching a projector in a completely dark room is even worse for the eyes than watching a tv in a dark room,
so be careful. Also, some forethought will be needed in regards to projector placement. Height, angle, and distance
from the screen, has to be fairly precise for best picture. Knowing these in advance will make sure you have the
right equipment with you. ( a separate stand for the projector that is the right height, for example )