Grminalac - Not to nitpick, but I said if 60 fps is the highest your card can achieve, which means it can't do any higher, then you will see no difference. But what you said is indeed correct - your average framerate may go up with a higher vertical refresh.
shurato Yes, it affects OGL and D3D. In my ATi control panel the option to turn it off is under both tabs. I have a Rage Fury Pro using the latest Win 98/Me driver set.
faye
<< If Vsync is on, then the FPS should be locked to 60fps(if i set 60hz) >>
Sort of - in that case your framerate is limited to 60 fps, but lots of frames may be rendered slower than that, so in that sense it is not "locked". By the same token, if you disable Vsync to let the card run as fast as it can, some frames will be rendered at an instantaneous rate of say 100 fps, but other more complicated frames may render significantly slower. But the average rate would be higher. In any case, limiting the performance of the card won't make it run significantly cooler, and then you may be giving up a large chunk of the performance you paid all that money for in the first place.