Kudos to Woot for refreshingly properly showing refresh rate in the specs:
Refresh Rate: 60Hz Native / 120Hz PMR
Virtually all Brands play the refresh rate deception game. If you see any modifier next to refresh rate then divide by a minimum of 2 to get the real panel refresh rate.
Examples modifier words of deception: Effective, CMR/ClearMotion. PMR/Perfect Motion Rate. In the case of this Woot the modifier word "Native" equates to "Honest" ;-)
The tricks these Brands use to claim higher refresh rates include extra video processing and backlight manipulation. While some folks claim they like these effects, I am not one of them.
BTW, a 60 Hz refresh rate is fine for normal TV/movie watching. Serious gamers and sports fans might want to go higher - and pay dramatically more for the privilege.