Personally I don't understand what's the big deal to have exactly 1280x720 pixels in handheld device.
Yes, in theory you will get wider field of view compared to e.g. iPad's 1024x768 resolution, assuming you adjust your watching distance accordingly (to keep visible pixel size same), but it's not that big difference, given that tablet watching (close-distance) is always big compromise compared to big screen watching, due to fact that eye is relaxed when focused to infinity.