The DVI interface is capped at 60FPS to protect LCD-monitors from premature pixel deaths. Unlike CRT's, pixels on an LCD have a finite number of possible color switches. As a result, the higher you run the vertical refresh, the faster you hit this switching limit (resulting in bad pixels).
LCD's do not need > 60hz vertical refresh rates because LCD pixels do not fade after a refresh strobe. They remain the same color / luminance until told switch to a new color mode. Older CRT pixels immediately started fading after each strobe cycle, thereby requiring higher vertical refresh rates to avoid image flicker.
If you're going thru a DVI video port, then your FPS will be capped at 60hz. This is not a problem -- it is working as intended. However, V-Sync will still prevent image tearing.
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