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WAI has posted some information about a new renderer they are testing for the game:
We’ve applied a patch that will download a new .exe to your Dawntide folder called dtgame_new_renderer. This is a beta of a major rework of the graphics engine to speed up performance. It currently breaks a lot of basic functionality, so it’s not recommended for regular play, but we’d appreciate it if all testers could try it out and compare the performance of the dtgame_player.exe to the new dtgame_new_renderer.exe, then post the comparison in FPS to this thread.
Hell hath no fury like an MMORPG player scorned.