It's better than nothing, but still quite a bit removed from a true surround sound setup with speakers correctly placed all around the listener. (howtogeek.com)
On the other hand, if you can afford an OLED display such as this one, you probably already have a dedicated sound setup. (thatvideogameblog.com)
Sadly most people don't have good sound setups and it is something not as easily changed as putting HD graphics into consoles. (slashgamer.com)