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 single qubit measurement in the hadamard basis.
My confusion is about what this even means? Surely measurement in the hadamard basis simply involves the application of the associated projectors $P_{+}$ and $P_{-}$ to whatever state you possess, with $\frac{P_{i}|\psi\rangle}{\sqrt{tr(P_{i}|\psi\rangle\langle\psi|P_{i})}}$ 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 $|-\rangle\to-|-\rangle$