Peter Jackson did say that they've been watching their dailies and even his crew who prefer 24p now prefer it. I say wait and see.
For those that think those tvs that have smoothing features turned on look terrible, you're right, but it's not what Peter Jackson is even talking about. Read up on the tvs; you will find that they're turned on at that tvs 'high' mode, and on 'high' they add 3 frames in between each; a faux 4x speed. 48fps doesn't look like that. Shot with cinema lenses and nice lighting 48fps really doesn't look so different to 24fps that it's comparable to those 200hz tvs.
As a quick test shot, I've uploaded a small piece of 48fps footage shot under a lamp and at f2.8. Go to YouTube and search '48fps'. It's the kitty.
The lighting and shallow DoF still has a cinematic feel to it, just less motion blur. I really don't think anyone will be disappointed once The Hobbit is released and we see how nice it looks
I'm pretty sure YouTube converts most videos to 29.97, at least ones that are filmed above that frame rate. Could you upload that to a media sharing site like megaupload instead?
Also a few people have mentioned their cameras shoot 48fps- could other people upload examples as well? Pretty sure I'm not gonna like the way it looks but would like to actually see it before forming a final opinion either way. I mean I'm pretty sure I've seen it but I can't remember exactly what it looked like right now. Who knows, it could work for 3D though and maybe it'll help the "headaches" some people get when watching 3D movies.