As the article states, two of the most important changes in this standard are high dynamic range (HDR) and wider color gamut (Rec. 2020) images. I have been working on this with Dolby Laboratories for the last few years, and whenever we bring in movie directors, cinematographers, colorists, or studio executives to see our ridiculously HDR wide-color-gamut display, their jaws hit the floor. The ability to reproduce the dynamic range and color gamut of real life is breathtaking. One of the studio executives, when asked if she could see the difference said "Do I look like a potted palm?"
You will see the difference, and you'll be able to see it from across the room. HDR and wide color gamut combined with UHD resolution is a revolution.
I know this sounds like a sales pitch (ok, it is!) but I've been working in the film business for 30 years before I started working on this; I know what creatives want, and this is it. I spent that time working on CG visual effects, and I think that HDR will have a comparable impact on filmmaking that VFX did.
The Dolby Cinema theaters opening in the next few months will have similar extreme dynamic range and wide color gamut. They look astonishingly better as well.
Wait and see. It's coming, and it's not far away.