Christ almighty there is so much misinformation in this thread it makes me ill.
Frame rates on games and frame rates on movies have absolutely 100% nothing to do with each other. Movies are optical, where motion blur is dictated by the amount of time the sensor or film stock is exposed to light by a combination of frame rate and shutter speed/angle. Games are generating frames on the fly by a video card, with motion blur controlled in no way shape or form by the frame rate. Seriously guys they have nothing at all to do with each other. 60 FPS gaming ≠ 60 FPS movies.
If you want to know what something filmed and displayed at 60FPS looks like then just watch 90% of TV produced from the early 80s through the late 90s. That was almost all 60fps shown on a 60hz TV. Did all of you "60FPS IS THE BEST!!!" people love the way late 80s TV looked?
The frame rate cannot be fully discussed without also talking about the shutter speed/angle. Movies are typically shot at 24FPS with a 180 degree shutter, which means that each frame was exposed to light for 1/48th of a second. Movies like Saving Private Ryan and 25th Hour played with the shutter angle to each frame exposed for less time, there for reducing motion blur and making action "sharper." Peter jackson is filming at 48FPS, but we have no idea what shutter speed he is using (someone said 270 degrees, but I have not seen that confirmed anywhere and do they mean 270 degrees of the shutter were closed or open). If he is using 270 degrees of the shutter open (each frame exposed to light for 1/72 of a second) then that would reintroduce a lot of the motion blur which would have otherwise been removed by shooting at 48FPS with a 180 degree shutter (each frame only exposed to light for 1/96th of a second).
To those saying, well I will convert 48FPS footage to 24FPS, it will still look off in its motion because of the motion blur issues. I just was at NAB and I saw 4K footage shot at 60FPS conformed to 24FPS (without using it for slo-mo) and believe me I could tell exactly which shots were 60FPS conformed vs 24FPS native. It did not look nearly as good as the stuff which was shot at 24FPS. And this was all shot by Jeff Cronenweth, David Fincher's cinematographer.
My suspicion is this will look much more like "video" than what we typically think of as looking like "film" and that is a bad thing. I don't go to the movies for things to look real. I go to the movies to be told a story. I make movies, I know how fake everything is. I don't want to see that fakeness up on the screen.