It's not VRAM, Faatal. I run an 8GB card (RX480 8GB, with an 4.2 Ghz quadcore, 16GB, not great but the 'typical' setup a lot of gamers still have) and so do many other people. When i just look at terrain the FPS tanks. The more of the 'outside terrain' is on the screen at once, the lower the FPS. I could be in the most complex city and still have decent to great fps. But as soon as I look at the outdoors, it tanks to ~30 FPS.Madmole mentioned a new terrain shader? Couldnt that be the cause?
Changing my settings has very little impact on FPS when it tanks. I could be running everything @ LOW and it still tanks.
Edit: Performance Metrics report that VRAM Utilization is at 5GB. And my card has 8GB, like i said.