S!
I use same settings online and offline, no difference there. Over 90% of time no lag or stutter, so much depends on server too. Water=0 is for me just to have this better water with good performance. Sure Water=2 looks better but maybe better for screenies and such.
Been playing DirectX 11 titles now, like Aliens vs Predator, Silent Hunter 5 etc. and must say damn they look purty. Especially AvP with tesselation. It uses it just right, not everywhere but to add just the right amount of detail. Runs flawlessly and smoothly too. Those xenos are fast and the pulse rifle is like a shotgun, hits nothing
Silent Hunter 5..just sooo gorgeous with all these new lighting and shadow things. I can imagine how it will be in SoW. How sun filters thru clouds and water etc. So the wait for SoW is just a tad harder again
But not to stray off topic. Found a thing that boosted my FPS considerably. Will confirm this first with rigorous test before posting so no-one will jump the gun