I thought the whole point of this 48 / 60 / 120 fps kick is that it hasn't really worked for some time - we set a standard a long time ago, then slowly outpaced that standard without ever stopping to revise it.
From a strictly on-topic, The Hobbit point of view, I'd love to see some 48fps footage digitally projected @ 48fps, just to see if it can retain any sense of the traditional 'film' look. There's a chance that it will, since it's not actually throwing any more instances of frames at the screen than a regular film projector does right now. But the Showscan Digital video has it right when it says "the whole world has adapted to 24fps in a movie theatre - that's what a movie texture is like" - and it's a texture I don't really want to sacrifice right away. I guess I'll reserve full judgement until I can see it...
As for the consequences for blu-ray, surely they'll just revise the spec? Then we can all simply buy new TVs to accept 1080p48x2 & 1080p60x2, and new blu-ray players to output that content, and new AV receivers, and new HDMI 1.5 cables - easy!













