ok, I know you all want the date of the patch. But the thing STILL isn't done. However, the devs are adding some great things to the mix to hopefully quell some of the crybabying going on. The additions include 4xAA (was 2x) and the ability to toggle v-sych. No more tearing!

This is a great start, hopefully it continues to improve.

Source: http://developer.saintsrow.com/forums/showthread.php?t=4375