I'm using the MV_ VP files and using these launcher settings:
-spec_point 0.6 -spec_exp 11 -spec_static 1.2 -spec_tube 0.4 -ambient_factor 75 -jpgtga -d3dmipmap -nomotiondebris -rlm -cache_ani
Im also using a:
450 mhz AMD k6 CPU
320 mb's RAM
Radeon 9000 with Catalyst 5.2
Using OpenGL to play the game

and using Lightspeeds nebulas, his Freespace 2 - Build 12 - developer/reference build highres-animations, also his ShineLT-build20.0, and also Bobboau-Lightspeed hybrid Thruster Effects.
EDIT: Not to mention I was playing on a resolution of 1600x1200
and also I was flying the ship :devil: