I have the similar experience.
If you enable Compiz, do following settings:
Enable Sync to VBlank (VSync?)
Disable detect refresh rate
Manually fill in 2x refresh rate of your screen. If your LCD has 60 Hz refresh rate, fill in 120.
Now enjoy the tear free fluid silky smooth Compiz in action! Once you done this you will never look back.


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In that case you can get a second hand card two years later too...
