http://cloud.steampowered.com/ugc/576685179537694014/BE61DF25E96D7619B3F0B8AEF8ACDD0E079BB25E/
Setting the cache to small resolves this, but then the texture popping is so bad the game is unplayable. Any help before I go get a refund for this pile of console [censored] would be appreciated. Here are my specs:
Windows 7 32-bit
XFX Radeon HD 5770 1GB (Tried both 11.9 and 11.10v2 drivers)
Corsair XMS2 4GB DDR2 RAM
AMD Phenom II x3 715 @ 2.8GHz