1080p and the Acuity of Human Vision

The most obvious qualification: Is this performance improvement manifest under real world viewing conditions? After all, one can purchase 200mph speed-rated tires for a Toyota Prius®. Expectations of a real performance improvement based on such an investment will likely go unfulfilled, however! In the consumer electronics world we have to ask a similar question. I can buy 1080p gear, but will I see the difference? The answer to this question is a bit more ambiguous.