Not to mention that everything people watch on these TVs is compressed to into a mottled pastiche of crap. You're not even getting 720P's worth of resolution on your "1080P" set while watching your 5-mbps "HD".
Exactly, and 98% of people don't care or even notice the difference. It takes experience working with video to know what is actually higher quality and what is overcompressed, bitrate-starved crap.