In the "oh no you didn't" of the week, Philips has tried to talk their way out of the whole "1080p TV's don't accept a 1080p signal" mess. Our friends across the pond at HDTV UK have the full response but the gist of it is Philips think that it is not worth it to put the chips necessary in to receive a 1080p signal, since very few devices can output at that level right now.
Via HD Beat
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