There is probably a term for this type of performance chasing. It's like car owners bragging about their top speeds despite only ever driving on roads with speed limits.
The hedonic treadmill is getting brutal. Going up to a 4k/34" monitor was nice but it quickly became normal. The main effect was how bad it made 1440p/27" monitors!
But dropping down to 1080p or a smaller monitor is instantly noticeable and very very unpleasant. Everything just looks so fuzzy and hard to read.
You absolutely don't need 120 Hz in any single player video game produced between 1978 and 2020.
Games at 15 FPS (even less) used to be perfectly playable and fun. At 30 FPS things are smooth well past giving a damn.
You can read scrolling movie credits just fine at 24 FPS.
Personally, I find this 120 Hz endeavour pretty pointless when most applications have input lag that's way worse than a single 60 Hz frame.
4k @ 60 Hz 1440p @ 144HZ