If $$P_{+} = |+\rangle\langle+|=\frac{1}{2}(|0\rangle\langle0|+|0\rangle\langle1|+|1\rangle\langle0| +|1\rangle\langle1|)$$ and $$P_{-} = |-\rangle\langle-|=\frac{1}{2}(|0\rangle\langle0|-|0\rangle\langle1|-|1\rangle\langle0| +|1\rangle\langle1|),$$ then we can choose $\lambda_{+}=1$ and $\lambda_{-}=-1$, so that $\begin {bmatrix}0&1\\ 1&0\end{bmatrix}$ is a Hermitian operator for a single qubit measurement in the Hadamard basis?
My confusion is about what this even means. Surely a measurement in the Hadamard basis simply involves the application of the associated projectors $P_{+}$ and $P_{-}$ to whatever state you possess, with $$\frac{P_{i}|\psi\rangle}{\sqrt{{\rm tr}(P_{i}|\psi\rangle\langle\psi|P_{i})}}$$ giving the new state and $\langle\psi|P_{i}|\psi\rangle$ giving the associated probability of obtaining said state. What does the above operator even do? How is it even applied in the role of measurement?
I just don't see what use the above operator has, beyond maybe making it clear that $|+\rangle\to|+\rangle$ and $|-\rangle\to-|-\rangle$