I'm at the end of my patience here, and would be grateful if anyone has discovered a workaround for this issue. I have seen it mentioned once or twice very briefly in searches, but my hardware is so common I find it hard to believe that many other people aren't having the same problem. And that they are getting past it somehow. I'll mention what I've tried below in case anyone is interested in what DOESN'T work, heh. Thanks.
Intel Core 2 Duo in a stress tested system
Nvidia 8800 GTS
Win7 64bit and WinXP 32bit (dual boot, I've tried installing F4AF on both OS's)
.13 F4AF patch
Fly Any Plane - ON (but I'm actually only flying F-16's)
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Tried with and without HiTiles, AA both off and on, tried both HAL and HAL T&L in both installs, tried flying lower and at different bank and approach angles etc., tried with -hires disabled, tried updating video drivers, tried disabling shadows, tried using default Nvidia Cpanel settings (let program control), and I even tried blind locking targets. But the lock locations seem to be corrupt when this is happening too. I dunno...