Yes.. it can display an FP16 buffer.
Problem is, most games don't use FP16 for final display buffers. They use kludged HDR using 8 bit buffers. Titles that do use FP16 render targets tend to do a resolve to 8-bit way before the end of the display pipeline.
Excellent, thanks for finally settling this for me. Now, to spread the word so people can start pestering developers about it.
Never mind that your title would have to support displays that do not handle that kind of input. I mean, my KDL40X3000 would handles it, but my mate's KDL40W2000 wouldn't.. 'tis a support/testing nightmare.
Now, I don't know much about HDMI, but I think sending higher bit depths than 8 (or deep colour) is only part of the HDMI 1.3 specs and so is only supported when what ever sits on the other side is also HDMI 1.3 and such information is exchanged during the HDMI handshake process.
So it should be a simple matter of disabling the resolve to 8bit step if higher bit depths can be output, or in other words only send out deep colour when connected to a HDMI 1.3 device. Secondly, I am pretty sure that HDMI 1.3 panels that can receive but not display or process higher bit depths than 8 automatically just truncate the 10 or higher bit per channel colours down to 8. So the developer, should, and I say should, not have to worry about anything there. Everything happens automatically, it is part of the HDMI specifications I believe.
Oh, and tell a developer he has to support two output pixel formats (and any frame rate variance that may involve), *in addition to dealing with NTSC/PAL SD resolutions and HD resolution support*, and you're likely to get a copy of the PPC reference manual (Book 4) thrown at your chops.
Come now, we both know code monkeys do what they are told or they get the stick. I really don't see supporting FP16 frame buffers as such a huge hassle, I don't think SD resolutions can even support deep colour, it certainly is moot to try to do so. So, really, that only leaves the 720p resolution to support not truncating down colour bits under a very specific condition. Not that much work I imagine, specially since you get to write, "Supports Deep Colours" in bold letters on the back of the box and people will read it and be impressed and non the smarter about their panels may not even be able to display it. Also, the marketing guys always love adding another checkmark on the spec sheet for some product, eh?