What about 4k televisions? Are you including those? I just saw a 55" 4K Tv on the Price Is Right the other day and it was only $995, I believe. I don't know about you, but I think a 55" 4K TV as a monitor would be pretty sweet for only $995.
Very few (as in possibly just the Panasonic TC-L65WT600 at this point) 4K UHD TVs support 60 Hz input, and once you hit 40 inches, the pixel density drops to 110 ppi, so scaling isn't as important (except for the fact that your viewing distance has probably increased so much that maybe you do still want some scaling). The 10.9.3 update is pretty much all about 4K @ 60 Hz and HiDPI modes.
It depends on cost and required volume. I don't see anything wrong with eDP for an imac.
I was actually thinking that Apple would insist on eDP. What I was getting at is there isn't any known panel that would make for a true retina 27-inch iMac, or anything even remotely close that would work for a ~21-inch version.
What does Apple need to do to support new 4K 60Hz displays?
What 4K 60Hz displays are not supported that could be supported given a working DisplayPort 1.2?
I think some people mentioned that old Mac Pros won't do 60Hz even if they have 10.9.3 and a card with DisplayPort 1.2 (GTX 680 or Radeon 7950)?
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I have no idea where the lines are drawn in terms of division of labor between Apple and their hardware vendors when it comes to drivers for OS X. I know AMD was the one who pushed DisplayID 1.3 through VESA, and they have already added support for it to their Windows drivers for certain GPUs. Who knows where things stand on the Mac side, or as far as Intel or NVIDIA's hardware and driver support goes. The HiDPI scaling routines are probably all Apple, but a lot of the tiled display and high speed HDMI issues seem to lie more with lower level harware/driver issues or arbitrary restrictions.
The available yet not explicitly listed by Apple as supported 4K displays with DP 1.2 inputs are (AFAIK):
Asus PQ321QE (EMEA version of the PQ321Q and almost certainly supported)
Sharp PN-K321H (EMEA version of the PN-K321 and almost certainly supported)
Sharp PN-K322B (touchscreen version of the PN-K321 and likely supported, at least as a conventional display)
Samsung U28D590D (only started shipping a few weeks ago)
All of the discrete GPUs used by Apple since 2011 have supported DP 1.2, however, only the Macs with Thunderbolt 2 controllers can support DP 1.2 output; the rest are limited to DP 1.1a. If you don't have a Mac Pro (Late 2013) or MacBook Pro (Retina, Late 2013) then you would need to use multiple links or a DP MST concentrator (which aren't available yet) to drive a 4K display at 60 Hz. And now that I read what you actually asked, I have no idea why older Mac Pros running 10.9.3 with GPUs that support DP 1.2 wouldn't work just fine.