For me personally, so long as the game isn't going 1 MPH and is maintaining a nice speed with a smooth frame rate, I couldn't care less what FPS rate it actually has, but it seems the rest or a very large amount of the community wants 60 FPS or nothing at all. Why do we want this? Does it really make a difference how fast frames are going by in a game so long as it still works and plays well and isn't moving at the speed of a turtle with an anchor tied to it?
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I think how "good" a game looks depends on a balance of things. I've been playing lots of NFS lately, and it runs cleanly at 60+ FPS with some settings at Low or turned off altogether. But my preferred visuals are actually with everything set to High (except motion blur, ugh) even though it puts the game at around 40FPS. In this case, the advanced lighting and better details more than make up for the loss in FPS. There's no doubt that 60 > 40, but I don't think that should be *the* goal.