Is it though?
2004 is the first year I remember watching a HD widescreen TV show (Lost). There were a handful of test clips and the like earlier, but they were a rare thing. E.g.: there's a HD video taken of the aftermath of 9/11 because the operator was just learning to use this (at the time) brand new technology.
That lasted about a decade, and then 4K become a thing around the 2013-2014 timeframe. I got a Sony 4K TV in late 2013 and a Dell 4K monitor in 2014.
However, both of those were standard dynamic range, albeit with a fairly "wide" colour gamut.
I got my first OLED HDR display in 2021, and an OLED HDR TV in 2022.
In other words, every "generation" of television technologies has lasted about a decade before being superseded by something significantly newer and better.
Display technology still has some ways to go. No current consumer panel reproduces 100% of the Rec.2020 colour gamut. Similarly, there are no consumer panels that can reproduce the full HDR10 or Dolby Vision brightness range of up to 10,000 nits. There are 8K displays that are close to that target spec, but they're either one-off experimental models or more expensive than a luxury car.
A decade from now, around 2033 mark, I full expect something like VR technology to have replaced TVs for many people. Apple's new headset (available next year!) will set a new quality bar that no traditional TV can ever hope to match, such as an extremely wide field of view, stereo, and very bright HDR in combination. Sure, they're expensive now, but after a decade of further development? They'll be amazing and cheap.