Edit: I guess just not with HDMI.ATI Radeon™ HD 5000 series and AMD Radeon™ HD 6000 series graphics can utilize Catalyst 10.10 or later to enable AMD HD3D technology support.
HD3D in this case would mean 120Hz panels over DP/DL-DVI.Looks like it might.
Edit: I guess just not with HDMI.