Is a 7ms monitor bad for gaming?

For a small monitor like that 7ms does seem a bit high. I play on a 30" HP and the refresh is 7ms and that was coming from a 27" with 2ms and I can't say that I notice any difference. I think having a powerful; video card can make up for the high refresh but I can't say for sure that's true and all I can say is that I did not notiuce any difference and I was concerned when purchasing this monitor that there was going to be a difference.
Don't forget were're talking about milli-seconds and not seconds so it's very hard to notice.
 
The graphics card I'm getting is this:

http://www.newegg.com/Product/Product.aspx?Item=N82E16814130794&nm_mc=AFC-C8Junction&cm_mmc=AFC-C8Junction-_-na-_-na-_-na&AID=10446076&PID=3938566&SID=
 
Wow , great card and you should have some high FPS with that card. Like I said a powerfull video card will make up any defeciencies in a monitor and granted it can't change the 7ms but it can give you some very high FPS.
Get two and the FPS will blow your mind. I play Black Opps 2 and get 200 FPS on a 30" monitor and 2560x1600 resolition.
The 4gb will come in handy.
 
The screen is what I listed before in my previous post. The list was made by a friend sent to me, so I haven't edited it. I plan on getting an HDMI to DVI adapter.
 
honestly, i think that <8ms is fine. you wont experience any ghosting until its over 8ms.
The difference between 5 and 7ms not noticeable to most people and only hardcore gamers or action movie fan boys would be able to tell the difference if you put a 5ms and 7ms monitor in front of them