My monitor's standard and actual rate is 165 Hz, which is probably not terrible at approximating 70 Hz (very few fps from a small multiple of 70 would be worst).
High fps is probably a little more rare than HiDPI, but also becoming more common. It's already common in phones.
Sure. I don't think I've ever had an LCD monitor that supports 70hz at a useful resolution though. My current monitors (native resolution 2560x1440) only seem to support it at 1024x768!