I think we're basically on the same page about the 48Hz stuff. You see what I'm saying, though, that it would be interesting to see a non-effects-driven film in that format? The flaws almost all revolved around makeup, CGI, stuff that was inherent to The Hobbit.

I could see 48Hz being very effective in a not-too-heavy-on-effects horror film. (Like, since you mentioned it, The Ring.)