Join Date: Nov 2006
Location: Mountain View, CA
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Next gen will be able to OUTPUT 4k/120hz. Not that next gen will be delivering actual real time gaming at 4k/120hz. I wouldn't expect XB2 and PS5 to be gaming real time at 4k/120hz. MAYBE 1080p/120hz for real time gaming. Unless you count CB rendering and other reconstruction methods as native resolution. I think 4k/60 will be the more common setting for next gen consoles.
The actual reason 120hz matters is because you can do 24p content without having to do 3:2 pulldown like you would on a 60hz screen. With 120hz you can just do 5:5, which will just make things way more consistent and appear smoother.
*Out of date info*
Theater Room: Vizio P75Q, Sony STRDN1080, Oppo UDP-203, Apple TV 4K, Harmony Elite
Office: Panasonic ZT60, Denon AVR-X6300H, Harmony Elite, Oppo 103D, Apple TV 4K, Shield, ChromeCast Ultra, Xbox One X, PS4 Pro, Switch