Low PIP: http://i1127.photobucket.com/albums/l639/calin05/arma3demo_2013_03_17_23_00_10_833.jpg
Ultra PIP: http://i1127.photobucket.com/albums/l639/calin05/arma3demo_2013_03_17_23_00_25_118.jpg
Disabled PIP: http://i1127.photobucket.com/albums/l639/calin05/arma3demo_2013_03_17_23_00_37_638.jpg
Look at the FPS difference, it's huge !