[citation][nom]ubercake[/nom]No tearing on 120Hz monitors until you get over 120fps and even then tearing is no longer perceivable until you hit the mid 400s.[/citation]
I have a 120hz monitor, and I notice tearing immediately after I disable v-sync. I don't use adaptive-vsync either, because I see tearing when below the refresh rate.
Without vsync on, there is nothing stopping the video card from writing to the screen buffer while it is being refreshed.
What you notice is another thing. If you don't turn fast, it is hard to see, but if you are turning in a 1st person shooter, or moving in an isometric game, you see the tearing a lot more, and the higher your FPS go over your refresh rate, the more noticeable it often is.