David Lynch Video - Watching Movies On An IPhone
Truer words have never been said. Of course you can say the same thing about listening to music on a I phone or a MP3 player through crappy little headphones and low resolution MP3s also.
Even watching movies on a 50" flat screen isn't the same as going to the movies. I have 6' permanent screen and a projector that I watch movies on and it isn't quite the same experience. So yes, the idea that a 3" screen is "seeing" a movie is absurd.