No, that is not the current model of human vision. The refresh rate of our eyes varies. The upward limits are about 300Hz with a constant set around 60Hz (Deering, 1998). Yet no experiments have definitely given the max refresh rate of the eye.
The human eye and its brain interface, the human visual system, can process 10 to 12 separate images per second, perceiving them individually. The threshold of human visual perception varies depending on what is being measured. When looking at a lighted display, people begin to notice a brief interruption of darkness if it is about 16 milliseconds or longer. When given very short single-millisecond visual stimulus people report a duration of between 100 ms and 400 ms due to persistence of vision in the visual cortex. This may cause images perceived in this duration to appear as one stimulus, such as a 10 ms green flash of light immediately followed by a 10 ms red flash of light perceived as a single yellow flash of light. Persistence of vision may also create an illusion of continuity, allowing a sequence of still images to give the impression of motion.
-Wikipedia page on "frame rate"
Motion detection in the brain is performed by direction-sensitive units in the primary visual cortex (which works in gray scale; Smith & Wall, 2008). How this part of the brain works, like many other parts, is a mystery. We know that direction-sensitive units (a neural cell) are mapped to specific places in vision and respond to changes (Bigun, 2006). This is of course without even beginning to talk about blindsight.
If determining how we recognize movement is difficult, determining the nature of sensory integration is nigh impossible at this time. Neuroimaging studies with fMRIs (e.g., Calvert, 2001) and the like result in different centers of integration based on how the tests were run. Lesions in the brain have caused loss of sync in some individuals.
Bigun, J. (2006). Vision with direction: A systematic introduction to image processing and computer vision. Springer.
Calvert, G. A. (2001). Crossmodal processing in the human brain: Insights from functional neuroimaging studies. Cerebral Cortex, 11(12), 1110-1123. Available online, URL: http://cercor.oxfordjournals.org/content/11/12/1110.full.
Deering, M. F. (1998). The limits of human vision. In 2nd International Immersive Projection Technology Workshop (Vol. 2). Available online, URL: http://michaelfrankdeering.org/Projects/EyeModel/limits.pdf. Retrieved January 27, 2014.
Smith, A. T., & Wall, M. B. (2008). Sensitivity of human visual cortical areas to the stereoscopic depth of a moving stimulus. Journal of Vision, 8(10), 1-12. Available online, URL: http://www.journalofvision.org/content/8/10/1.full.pdf+html. Retrieved January 27, 2014.