Is it worth it to buy a 4k TV given the lack of 4k content right now? Picture seems just fine on my 5 y/o 1080p TV. Can you see a significant difference with upscaling?

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Not with upscaling, but there is a great deal of 4K content available through Netflix/Amazon Prime and now with Apple TV+, not to mention movies. Pretty much all of the original content for the three streaming sites above are 4K HDR and you can absolutely tell a difference.

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Why would you knowingly buy a non 4K tv that is at this point 15 year old tech

Don’t upgrade until you can spring for OLED. Trust me.

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