Who sits 5 feet from a 42" TV set? That would roughly be a retina display 8000 pixels wide. You are also looking at something like a 400mbps data rates to feed it.
Well, it's 16 times the picture resolution at the same temporal resolution, and you can do a damn fine job with 10Mb/s high profile H.264 at 2K, so … yeah, I guess that's about the right order of magnitude.
But holy diminishing returns, Batman.