Here's an anecdote. My friend's apartment got burglarized many years ago and when we looked at the security footage we clearly saw the thieves taking everything, their faces were impossible to recognize though, due to low resolution. Ever since that happened I kept thinking of a video codec that would store the whole video in low-res but recognize faces and encode those parts in ultra high-res. I hope research like this can lead to better security.
OTOH, government surveillance...