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It's sort of like when Blu-ray came out; people who had DVD's said it was fine with DVD but after experiencing 1080p images, DVD's felt like a downer to watch. If you play all your games on a big TV and at a fair distance in 30fps; it likely won't matter, if you enjoy smoother images and game up close on a smaller display and with a much higher degree of detail and effects; it really, really matters and frame rates are essential to the overall experience. I turn off post-processing effects or lower the resolution in order to get better frame rates (or, I used to, my new rig can murder any game at max with great frame rates).

I guess the answer is; it depends.