And yet, laptops acroos the board are still saddled with 1366x768 TN panels.
As long as the OS does font and UI element scaling properly, this should work fine. QHD on a <5" screen seems like it is well into the "diminishing returns" category, but I suppose that I will reserve final judgment for when I actually get to look at one. It really just looks like a parallel to the megapixel marketing wars in the pocket digicam world.
My GSIII with 720p resolution has almost indiscernible pixels as it is, but I can see them if I am really trying hard...which is never a normal use case for me.