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Seems to be working nicely on my P3 450 with 128 MB main RAM and ATI 32 MB Rage Fury! I don't see any hesitation. The autogen scenery seems to give more sensation of the ground proximity at low altitudes. So far have tried Los Vegas and vicinity to the East and the Chicago area.
It seems to have a frame rate lock like I gather CFS2 has.
If you were disapointed with the hard copy FS98 manual the printed FS 2002 manual is even smaller! The three CDs (Pro version) are in one of those cheap card stock things instead of a jewel case too. I haven't checked out the on disk manual, which is supposed to be in the form of PDF files. No sign of an upgrade rebate, but had a $20.00 US rebate coupon for a MS Sidewinder FF 2 joystick (for US and Canada). The US version is still in the same size box FS2K was sold in (some other titles are starting to come in DVD style boxes).
You were correct Ben, I couldn't resist!