I mean sure if you're stuck in 2007 it's fine.

The average screen resolution in 2007 was 1024x768. Most of us now have ~1080p-ish type screens or on mobile where it's even higher. We also now have the bandwidth to watch 720p/1080p videos whereas in 2007 that was less true to a broader audience.

360p is pretty unwatchable for me on my screen from 2011/2012, let alone anything that's been released in the past 2 years.