Yes, it's the loss of realism and nice little touches (e.g. propeller transparency) that Olegs team wanted to give us that upsets me the most.
The speed/FPS issue doesn't bother me quite so much, because given time we will all have faster computers and/or more optimised code that will defuse this issue.
The realism/fancy touches 'in their intended form' are far less likely to make a return.
Damned Ubi!

BobTuck.
p.s. a member of my family is epileptic too, and they agree that this overkill is a ridiculous state of affairs - a warning would have been sufficient.