> Wayland, fractional scaling, 120+ Hz, HDR
What's wrong with those? I don't have a single screen which does 120 Hz + HDR, but I'm typing this on a 120 Hz laptop, with variable refresh rate, at 125% scaling, and everything works great with Plasma (haven't tried anything else). I also have an external HDR screen, but it only does 60 Hz. It works great, too, doing HDR on it but not on the laptop screen (running at the same time, of course). They also run at different scaling (125% and 100%).
Now I don't know how to confirm that VRR is actually doing anything, but I can tell there's a difference between setting the monitor to 60 and to 120 Hz. HDR on the other screen also produces a clear difference.
This is all running from integrated intel graphics, maybe with other GPUs it's more of a crapshoot, no idea.