Hi bulbousbeard,
Those are great news indeed. I had read before about making this possible in the future but I didn't know it was already real. This is simply a revolution for fixed resolution displays. We won't need to struggle trying to reprogram to video card's clock to achieve the target refresh rate, on the contrary, we should be able to rule the refresh rate based on the CPU timing, no need for v-sync. So just the plain -throttle option of base line MAME will achieve perfect results in terms of smoothness and tearing free video. Of course if you want to have CRT quality zero blurriness you'll still need to implement black frame insertion.