With an i5-2500k stock, 560ti stock non factory oc, 8gig ram, windows 8.1 64 pro, with nvidia beta driver 340.43 set on 'let the application decide', at 1920x1080 fullscreen with the ultra preset + screen space reflections turned on the lowest I've seen my fps go is 37 so far wondering around the Cyseal map.

I could see it drop once I get to the snow areas or some such but so far even at an average of 42~ fps the game feels smooth. I don't know why yours would dip to 10, doesn't make sense. It's definitely playable for me on a 560ti so far.