As posted elswhere here and on SimHQ, I had the same problem using XP Pro 32 SP 3 and an EVGA GTX460 1Gb.
I switched to Seven 64 (wanted to do it already before COD) and no more problems.
But I too have noticed that older cards don't seem to have that problem, maybe it's the newer models designed for DX10/DX11 (as the 460) that have problem running this game in DX9...
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