I can confirm this.
I ran it on a GTX285 and that was absolute minimum to run on high graphics.
Most of the time game ran at 60 fps, but in war zones and other places the game drops fps down to like 30.
I did play for a month, and i did play beta. (pre-ordered the game)
The game was ok, it goes very fast to max level, I used about 4.5days played and I did PvP and other diversions on the way up. THe leveling process was very fun with good quests and unique class quests. You could join friends on their class quests too, so it's a very nice game to level together with someone.
Endgame content seemed kinda broken and very limited, PvP was kinda unbalanced.
Things might be better now, but I stopped a few months ago, and I doubt I'm going back. (we were five RL friends starting to play together, the last one stopped last month)