bgeorgalas, this may be a longshot, but sometimes the latest graphics card drivers are not the greatest. I'm running an aging ATI 9800 Pro and stopped updating the drivers with version 4.10. As ATI superceded my card with the X-series, their drivers were geared toward the newer cards and caused performance issues and artifacting on my 9800. Consider that the Xx00 series (which includes the X700) has been superceded by the X1xxx (X1950, etc), the 2000 series and now the 3000 series. You may find an earlier version works better for you.
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Spectre
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