After a lot of threads about how to buff your pvp ability by increasing FPS rate, I wanted to try it, too. (No, I do not want to jitter-cheat and I know how to limit the FPS rate when very high)
So... I unlock Vsync on my Nvidia card and I get 150+ FPS, but I get microlag that makes the game totally unplayable. Micro lag looks like minimum stuttering, objects don't come into view smoothly but "hop" in.
Yes, pretty much the same issue.
I am using 16 bit color depth with vSync turned on, it still gives me above descent performance with my netbook's nvidia ION LE.