First off, just to get this out of the way, I have quite a good pc by today's standards that should have absolutely no trouble running GP3.
(2.66GHZ Intel Core Duo, ATI 4800 series, and 3GB of RAM)
Anyway, sometimes I'll start up a race and it'll be unbearably slow (PO in excess of 500%), and other times it'll be perfectly normal. Has anyone else experienced this and/or have a fix?