I don't know what the fps of most HD televisions is nor if that's even a factor. What I can say is the clarity of the image, especially when there's movement, is off putting. Anyone who says this is more like real life is going to hell for lying. The sharper image of, say, a tennis match looks less real than the old non HD image.
I think the problem may be there is a bit of an uncanny valley effect going on. As the filmmaking technology approaches when the human eye sees in real life, the difference become more glaring and off-putting. I'm not even talking about make-up, sets, and props effects not being up to snuff in the better image. I was watching a tennis match on my parent's HD television and it didn't look like real life and the effect of all the movement, watching the ball and such was off-putting.
So when I eventually see the Hobbit, it will be in a non-3D 24 fps theater. I don't need to pay amovie ticket prices to have a bad experience.