I confirm it is not fixed. FPS is now 40-45FPS, in 1.7.4 it was 60, but more importantly the game crashes after 10-15 seconds.
These are my crash reports:
https://dl.dropboxusercontent.com/u/11435743/minecraft/hs_err_pid6260.log
https://dl.dropboxusercontent.com/u/11435743/minecraft/hs_err_pid6804.log
https://dl.dropboxusercontent.com/u/11435743/minecraft/hs_err_pid7044.log
The same for me. Latest java. ATI gfx.
Turning down settings does not help, getting 40-45FPS on ATI 7970 OC 🙂