Yesterday I got my new PC, therefore I can't compare but let me tell you my feelings about patched version.
New PC has i-2500k (not o/c...yet), 6gb ram, ati hd6850, ssd.
I ran a couple of single missions in
medium settings with grass/shadows/roads on and although it was quite smooth when I was alone over sea, it still has problems when flying over land or when close to other planes.
Therefore game is still in
unplayable status even in a brand new system