There is hardware that can take advantage of it. Here’s a comparison of what ST looks like on my HiDP display (the crisp font is iTerm):
https://img.skitch.com/20120406-pbtg5hmku8pdduuspky1p4ihd3.png
This forum is cropping the image, so you can see the full image at (https://img.skitch.com/20120406-pbtg5hmku8pdduuspky1p4ihd3.png)