Paul, that to me definitely sounds like something's going wrong somewhere in your equipment chain - I have no idea if it's the Blu-ray player, the TV itself, or the glasses, but that strikes me as a defect of some kind. Is there any possibility of exchanging the set for a new one of the same...
I've got the Epson 5030ub, and use it frequently for 3D, including many of the titles on Ron's Top 30 list. I'm extremely happy with the projector and its performance. I don't want to derail this thread too much by singing its praises, but there's a thread over in the Hardware/Display Devices...