A:Answer TV has 60Hz refresh rate (pretty much standard for the budget TVs). It also features Motion Rate 120 to minimize lag for smooth motion. I guess it's software smoothing to make it more like 120Hz refresh rate. How does that translate to real world usage/performance?
Surprisingly, way better than you may think. First off, I am no professional gamer. My brother and I have been playing my Xbox 360 titles on it and there is no lag. We mostly play "couch/local co-op split-screen" games like Serious Sam 3, Call Of Duty Black Ops 1 & 2 Zombies and Call Of Duty: Ghosts - Extinction Mode. These are all very fast paced games and we haven't noticed any issues with lag whatsoever.
***Word of advice - seriously consider investing into a surround 5.1 sound bar setup. It took our gaming experience to a completely new level. Stock speakers are barely adequate for watching regular TV programming.