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What video configuration setting should I use? Seems really slow. Here are my specs:

native resolution and 8 bit textures. thats as good as it gets.

The slowness problems surely will come from your CPU too.
means no magic video settings will give you a speedboost

Right. Figured. Thank you.

Are the keyboard & mouse configurations blank by default? This is what I'm getting:

Yeah they are if not mistaken, so you need to configure it yourself