An Optometrist will tell you that the Flicker Frequency Threshold for the human eye is 48, so we rarely detect faster image rates. This is why the video industry can squeak by with 30FPS interlaced, and is also why most people don't see the 60Hz flicker in florescent lights, and won't see the flicker in a CTR at 60Hz refresh rate. For flat panel LCD monitors, this is 16.7mS response time.
Remember that when you increase refresh rate (72 vs 60) and/or image matrix (1280 vs 1024), you decrease FPS. The goal is to design a rig that can consistently render FPS that never fall below 45. Anything above 60Hz is meaningless to the human eye, although the numbers are impressive for benchmarking and bragging rights.