I'm having the same, or similar problem as you are. I've reset my control panel settings entirely, and made sure the global settings provided above were disabled. My card is a Asus nvidia GTX 550 TI 1GB, with a quadcore AMD processor. From what I understand, this card is supposed to be able to run full graphics on Arma 2. For Day Z, I barely get anything over 20fps on LOWEST settings. I get excellent FPS on most games I play. I'll continue to search for an answer, when I do, I will post it here.