Specs: E6320 @2.8ghz
Hd 4850 512 mb ddr3
windows 7 32bit
step 1
Remove/rename all of your config files and do the same for atioglxx.dll from the game folder
step 2
Install AMD Catalyst? 11.10 Preview Driver Version 2 (and do not disable the Catalyst A.I), if you already have the preview diver just enable catalyst A.I
step 3
In your Steam library, right click RAGE, click Properties, and click the Set Launch Options button and add this +com_skipIntroVideo 1 +seta com_allowconsole 1 +vt_maxPPF 8 +cvaradd jobs_numThreads -1
stept 4
Don`t play the game in window mode! use the full screen option.
Step 5
PLAYYY
Also if you still have some problems try this aswell: go to your rage folder in steam (example C:\program files\steam\steamapps\common) and right click rage.exe and hit Properties, from there go to Compatibility and check following Disable visual themes, Disable desktop composition, Disable display scalling on high DPI settings.
Do this now and reply asap!