Agree with you wholeheartedly on the problems with distractions in theaters. However, at a good quality cinema with proper calibrations, nothing at home can compare with the awesome spectacle of a 60 foot screen and a few thousand watts of audio. Star Wars in DLP projection was an unrivaled experience.
I try to time a movie about two or three weeks after its release and while everyone else is heading to the latest release, I head to the weekday matinee when there is only a handful of people. I'm mostly successful that way.
However, on your side, I believe the experience can be better at home, with the ability to pause, get you own snacks and drinks, and control the environment. I do watch about 75 percent of my theatrical releases on DVD now.