Couldnt run better for me tbh, a little under 300 FPS zoomed out at an angle with my defualt settings (x2 AA, everything else maxed including dynamic water at 1280x1024)
Checked afterwards, and the texture shading slider was set quite low, dunno what its for really, but put it up to 20, and the FPS was still 2xx. Then fiddled with terrain detal button and tripled it from whatever the default was, FPS reamained above 100.
My comp is a year and a half old - Athlon X-2 4400+ 2 Gig PC3200 and a 7800GTX
Can make some screenshots if you want
Edit: Oops forgot, with hte first settings, the texture on some parts of the map would turn black at diffrent angles/zoom levels. no problems with the higher settings though (apart from the minimap ofc)