I used to play videos with the framebuffer just fine and read PDF's with fbpdf2, among watching TV with fbtv and the like. I didn't miss nearly anything, as most games under SDL1/2 can render into FB with
export SDL_VIDEODRIVER=fbcon
or export SDL_VIDEODRIVER=kmsdrm
And tons of games too, such as Supertux2, Crispy Doom, SDLQuake, FreeCiv-SDL...another fun one if you're in an exotic situation and don't have a framebuffer (or if you just want to have some fun by making your games to look worse):
export SDL_VIDEODRIVER=aalib
unfortunately it's only SDL1, though
This is what I meant: kmsdrm.