It depend of what you understand as a smooth play :hmm: . some people are happy with 10 frames per second or less and others consider it as an unplayable.
I think that below 10 is unplayable, and 20 or more the good point for play
i have a 2400+ with a 6600 gt 128 ddr3 and 1GB of ram ddr400 and it is on the limit of a specs ,...10-15 frames outside and sometimes less with big convoys,
In the control room and map the game is ok, with 15-20 fps.
Also it depends of the submarine, weather, ...
some hardware can pass the test page but perhaps can only run the game as a slow motion camera, itīs not a realistic test.
can run the game ? yes.. can you enjoy the play ?? No.
I tried everything for improve the performance, defragment the disk, cfg settings,remove placton and other things, but it always is the same, 10 FPS outside

,Perhaps rid off some reflections, or try to reduce the textures of the ships, sailors in warships ,could work ,... but in reality it will be waste of time and the best thing is buy or upgrade the computer
3000 or more 2 gb of ram and a recent vid card like 7600 8800 or ati equivalent