Same issue here. From 40-30fps, drops till 20-9fps. Lowered the resolution, graphics settings, the fps NEVER increase nor decrease at all.
I'm experiencing the FPS leak as well. It happens after a few hours of gameplay. Not sure what's causing it.
I've experienced a very similar problem today was playing for a couple of hours with avg 40 - 50fps then all of a sudden it dropped to 1 - 2fps, had to restart the game which fixed the problem.
Same exact issue I'm having. I get around 60 fps when I start in the warpgate. I run out for a while to a big fight and it drops to 20-30, and then never goes above 40 even after going back to the warpgate. I tried switching continents and back but it didn't help. Logging out and back in also didn't help and was still at 30-40 fps and still feels sluggish. I then quit the game and loaded it again, and bam 60 fps in the warpgate. Every time. Phenom II x4 965 GeForce GTX 470
Do you have a separate profile set up for PS2 in your Nvidia control panel? Do you have Power Management mode set to prefer max performance?