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To me of course it does. I just created this account to tell my personal story. Well up until october 7th of this year I was still gaming on a 18inch really old sharp tv with the big box in the back. When the PS4 was announced, I still did not plan to buy a new tv but just keep my really old but reliable TV. However somehow I missed that the ps4 will not support component cables. I found out on ocober 5th a day after my birthday that the ps4 will only support HDMI. So as soon as I found out about this I got some money I had saved for my ps4 along with my birthday money and went to bestbuy. I didn't know anything about TVs at that point but a good 2 hours reading tv reviews and forums gave me pretty decent knowledge to get me a nice 1080p 40 inch samsung TV with 120 Hz. So if sony were to tell me that their games will do mostly 720p now, I will be pissed so yeah now I do have a 1080p TV and I love it and never going back to anything lower.