dont panic. screen tech has advanced massively just check out an old lcd panel from 5 years ago, the motion blur is horrid, the colours are weak,the contrast is poor, the backlight clouding is terrible, there is banding, lower res than 1080p, the cost at the time was the same for a 17" 4:3 as a 27" LED 1080p 16:9 now and you even get more inputs,speakers
so yes there is a glut of 24"-27" TN panelled displays at 60hz or 120hhz but overall the experience is still miles ahead
so why should you not worry? well you dont always need 120hz to make things fluid, id imagine the biggest problem for lcd is still ghosting and with an effective overdrive circuit combined with new panel technologies this is reducing (i belive VA or MVA ghost less but dont quote me)
this year we have PLS tablet screen technology @ 1440p from samsung and at 27" . We have ocuk selling amazing IPS 1440p screens at 27" for peanuts. there is definatley an increase in 1440p for 27" models and this is growing a lot !! thank god as 1080p is too low for a monitor at that size.
also most things are like 16:9 and 1080p were driven from the home cinema / tv market and so it will continue as the push for 4k cinema is happening ! try running games at that res! ((the cynic in me acknowledges the steady increase in blueray archiving and internet copying so the extra storage required for 4k would keep the studios happy for quite a few more years))
toshiba, lg are releasing uber res 4k tv`s. Apple is launching apple retina resolution standard for monitor,tablet,phone! at beyond 1600p and @ 16:10 so this will invariably mean ocuk will stock a hazro retina display next year
seriously, 120hz is not the be all and end all imo. as an example one of my displays is a projector and it can run 60hz or 85hz in either mode its smooth and clear when running, its a DLP and doesnt suffer from image ghosting or line resolution drop on fast pans, so its the screen tech not always the refresh that counts.