DV Guru and self-professed camera geek Adam Wilt makes the case that resolution’s importance to overall image quality is overstated.

A typical study assigns the following weights to brightness, contrast, and resolution:
Contrast 64%
Resolution 21%
Brightness 15%
Resolution, then, is only a factor, and not the largest factor, in the determination of the subjective quality of a television picture.

More here. In a related article, Oliver Peters takes on resolution purists.