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Option 1 is a last resort for me, I can't stand games running at non-native res.

(metro 2033 being the only game on that list for me right now). I'll certainly turn off specific resource-gobbling features to boost framerate (like tessellation and DOF in metro for example), but I don't like turning down detail levels en-masse, and would rather just wait for the hardware to catch up before I play it.Definitely turn the options down. If the problem became persistent over many games, then new card for sure.

Turn down the resolution knowing that everything will still look sharp and great
*pats crt*
. I do this as well.