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For me cs4 is much more sluggish than cs3, to the point of being unusable. I can edit my 720p or 1080p xdcam ex footage perfectly smooth and fine in cs3, however in cs4 I cannot even play it back without it juddering, lagging, or skipping. I'm running XP with 3 gigs of ram, a 2.4ghz dualcore amd, and an 8800gt. There's no excuse for that kind of performance.
And yes, I've tried automatic, draft, and highest quality settings.
Has anyone looked into this? I'd really like to be able to edit in CS4. Updating to the .1 now, hoping it helps.