I thought i was the only one with this problem..
I dont know if this has anything to do with smoothing, but ever since the latest patch came out, i keep getting warps as i get close to airplanes. So much so its unplayable.
Ping, ping plotter and connection during the game is good, everything is smooth no problems, no packet loss, etc but as soon as i get close to enemy/friendly planes, the net status screen (upper graph) goes crazy, and planes start to warp.