Nope. Maybe your hardware is not properly recognized. Or too powerful :)
Try this command line parameters for a start. If it works adjust them.
-maxMem=4096 -cpuCount=4 -exThreads=7.
Or try to find problem more precisely. For example go to AA & PP video settings and turn all options to disabled and sliders to 0. Restart game. If it fixes the problem start turning on options one by one to find the cause.
Try also latest 13.10 Beta driver.
I have a stutter with lot of smoke grenades around (8-10) but not dropping lower ~20fps.