I ran fiber optic HDMI from my office to my living room for 4K120 HDR+VRR couch gaming with no added latency or loss in quality. Works great. My LG C1 even supports FreeSync so VRR even works, but I have to route the HDMI directly to the TV. My receiver does not support FreeSync and only supports HDMI VRR. Presumably with this patch I will be able to run HDMI 2.1 VRR through my receiver and not have to treat my desktop as a special input.
It's just nice when technology is not hampered by nonsense.
I can tell you mine does: a Corsair XENEON 27QHD240. Or the somewhat popular and badly named Acer Nitro XV275K P5biipruzx
I'd say it's usual for displays released in the 2-5 years old range. HDMI 2.1 got somewhat quick monitor support for consoles, but search for "first DP2.1 monitor" gets results from 2024