Any way to fix it? I know there is a was to do it for mouse, but it does not seem to work for gamepads...

Ok.... it's clear to me now... if you have Vsync on - it's all ok and good. if you have it off on the other hand, vertical sensitivity scales with framerate. The more FPS you have - the craizier the controls. At the time I had 160fps. So yeah... nearly 3 times as much vertical sens.. WTF? Who made this thing behave in such odd fasion?

doh! I was going to disable VSync as soon as I got the game but knowing this I won't