on the old launcher my fps would be around 40-50 fps. and after downloading the new one i get the same for 10 seconds and then rapidly drops to 12. i am using an integrated graphics card. and a lot of people are having this issue.
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I beleive this is a duplicate bug and I think its the new version not the launcher. some graphical items change (powerPC users and such) and I think some integrated graphics cards use this PowerPC drivers