If you go to "My Documents/BFBC2Beta" You'll see the "settings.ini" Drag it into windows notepad, and you'll see certain settings.. Here, you can try differents settings.. The HSAO is particularly a big hit in FPS, you can rename the value to "false" etc.. Try turning bloom to false etc, and see what you can squeeze out of the beta performance wise.. It's even been said, you can set the DX version to 9 or lower and get quite a boost in framerate.. Either way, just remember what you turned on, and off.. To save settings, you simply click "file" "save"
[WindowSettings]
Width=1600
Height=900
Fullscreen=true
RefreshRate=60
VSync=false
[Sound]
Quality=low
VoipEnable=true
[Graphics]
Effects=medium
Soldiers=medium
Vehicles=medium
Overgrowth=medium
Undergrowth=medium
StaticObjects=medium
Terrain=medium
Shadows=medium
Bloom=true
HSAO=false
MSAA=0
Water=medium
MainQuality=high
Texture=high
DxVersion=auto
Aniso=2
Detail=medium