The refresh rate can be calculated from the horizontal scan rate by dividing by the number of horizontal lines multiplied by 1.05 (since about 5% of the time it takes to scan the screen is spent moving the electron beam back to the top). For instance, a monitor with a horizontal scanning frequency of 96 kHz at a resolution of 1280 × 1024 results in a refresh rate of 96,000 / (1024 × 1.05) ≈ 89 Hz (rounded down).
Different operating systems set the default refresh rate differently. Microsoft Windows 95 and Windows 98 (First and Second Editions) set the refresh rate to the highest rate that they believe the display supports. Windows NT-based operating systems, such as Windows 2000 and its descendants Windows XP and Windows Vista, set the default refresh rate to the lowest supported rate, usually 60 Hz. The many variations of Linux usually set a refresh rate chosen by the user during setup of the display manager (although a default option is usually included with xfree86). Many full-screen applications, such as games, allow the user to reconfigure the refresh rate before entering full-screen mode. But some poorly designed applications launch directly into full-screen mode in an out-of-range setting and force the user to reconfigure the setting "blind"
I believe that it is a problem with the driver you use. If the company has not released a windows 7 driver then please wait until it is released and live with the 60Hz refresh rate.