The smartphone market has already declared high DPI the winner here; desktops are lagging behind only due to inertia.
I'd take high refrersh rate with medium resolution (2.5K or something) over high resolution with low refresh rate.
So it has nothing to do with inertia, there are multiple reasons involved.
Inertia and general lack of demand is a much better explanation. Most people either haven't experienced high-DPI monitors or just don't care that much about their PCs.
This resolution is not particularly crazy either, it is the standard DPI of all of Apple's gear for the last 6 years or so and much lower resolution than most tablets & phones. One of the bottlenecks for moving this tech beyond Apple laptops and all-in-ones (of which I am not a huge fan) has been the lack of standard external connections with enough bandwidth for these displays.
And now whenever I use my wife’s older laptop with a non-retina display, it feels like I’m looking at some 8 bit artwork!