The lag due to 30hZ is a big drawback, my mousing accuracy is noticeably lower, but I can live with that.
What I cannot live with is the fact that the monitor goes blank and then re-detects the HDMI signal all the time -- perhaps 25 times in the first few minutes and then once every 5-15 minutes afterwards. I'm using the HDMI port on my Intel Haswell board and have updated drivers and the Seiki firmware, and still get this issue. Seiki support is bad, and lots of people have this issue. They specifically released a firmware update that is supposed to resolve this but it doesn't help me. Perhaps another brand of graphics card would help but currently it's broken.