Can you please answer my question?
Edit: Also, when he opens two drawings, is there one AutoCAD executable listed under "Processes" in Task Manager, or two?
Edit: What I'm trying to determine, is if AutoCAD is a 32-bit app, then it is limited to around 3GB of virtual memory. And if it opens two drawings in the same application process, as opposed to two separate processes, than that 3GB has to be shared by both drawings. If there are two entries under Processes in Task Manager, then it opens another copy of the application for each drawing, and then each drawing would have 3GB address space.
I'm not super-familiar with AutoCAD, does anyone know if it has it's own temp/swap/scratch file, like Photoshop does? If it does, then it may be paging out from it's 3GB address space to it's private pagefile, and that may be the cause of the sluggishness.
Edit: If the executable for AutoCAD doesn't have the "*32" next to it, then I'm probably going off on a wrong tangent here with my theory, and you're probably correct that it could be the video card's power in processing display-lists.