Call me FOS, but I prefer my 480p and 720p Encodes, some times I will even wait for DB or DVD releases if the censor too much

Then again some RV station upscale 480p to 720.
Naruto and Bleach are both up scales, and trust me the RAW is murdered with scan lines and ghosting.
Don't mention rmvb's 80mb Size, ~92Kb audio quality [had one with 64k once] and sometimes 700Kbs video bit-rate *Shudder*