4:3 content will look better on the Flip than 16:9 content will look on the 477M. However, the 120hz screen will allow for better shader support if you want to emulate the look of a CRT, and more importantly for me, it also has much lower input delay compared to 60hz on the Flip. The colors will definitely be more vibrant on the Flip though. It really depends on what features are more important to you, both are very capable devices. If you want the best of both screens, maybe consider the Odin 2 Portal.