I've just rented a server for one day on 360, set it up to be like Project Reality on the PC. Health is at 60% and weapon damage is modified at 200%, so in essence it ought to be a one or two shot kill with practically any weapon within 50m and 2 or 3 shots any further away. At least with assault rifles.
I need people to join to test it out, so add me on Live: Bullet4MyEnemy, or search for it, it's unranked and it's called "Project Reality"
I've only got it until tomorrow so I need people to join ASAP, if it sees a lot of good feedback, I might rent it for longer.
The only really shit thing, is that I can't have it as ranked because I've edited the settings, which means that barely anyone is ever going to find it in a search. =[
Tell anyone you might know about it as well, so far all I've been able to do is invite players I've recently met and none of them seem bothered.