Yes, my previous TV was in the same spot. I sit far enough away from the TV, that it's really not looking up much.
When I'm fully reclined, it don't think I'd be able to see the TV if it was much lower because my toes would be in the way! Plus, I need to have it high enough that little fingers can't reach it. Not to mention the fact that there's the little issue of the fireplace being in the way of mounting it at eye level.
The height works perfectly for me. Kinda like being at the movie theater.