Yes.

An uncompressed 1080p, 60fps video with 24-bit color depth would need around 3Gbps to be streamed. And even if you don't need to stream it, that would still consume a sizeable portion of the write throughput of the fastest SSDs currently available; if you go up to 4K, you'd actually exceed that by a lot (not to mention, 1tb of storage would last for about 10 minutes of video).

Who is regularly watching uncompressed videos outside of production environments? That’s got to be a very small population.

Using raw uncompressed bitrate is a bit disingenuous. How about comparing an older, widely supported codec like H.264 as a baseline?