Wow, that's a pretty terribad resolution. 1024x600? GEEEZ. LCD monitors with a native res of 1024x768 died a most horrible and necessary death years ago. Were there ever 1024x600 native monitors? The end result is going to be some BAD pixelation and jaggies.
In no way is this good news, it just gives confirmation that the current gen of consoles are starting to get outdated. Devs want to start raising the bar again and they can't.