that is not, with a good scource, read Universal Disc Player stanard, you can notice anti aliassing effects and shadow as well as ghost trails. Plus run the flaf test and you will notice wierd fade in and fade out effects.
Yes I own a TV that does 1080P, but do to scource I run everything in 720P
To the person that is asking about the sony 720P set, if you are asking that question in general than yes it will be good enough for you.