I haven't seen anything like this. If you want to post your debug.err we can see if its kicking out a bunch of errors.
I loaded my 0.991 game with 0.992 beta and didn't have the problem with the oceans slowing down my machine.
Will look for error again and send debug.err...
(on a brighter note....ctrl-N hasn't crashed on me since 0.992...yet) 
EDIT: Well, I'm at a bit of a loss at the moment....started a game and it has a huge river and lots of ocean around me....yet no slow down. Last night after the 0.992 download, I started 6 games, and each time I reached the ocean, the game slowed right down to a crunching crawl.
I'll keep playing and if and when the problem happens again, I'll be sure to grab the files.
EDIT2: K. So, I think I know what the problem was. As it happens (or so I assume) rivers and oceans take more memory to view than regular land tiles do. When I ctrl-N multiple times (I would estimate 5+), the game really seems to slow down. I've been noticing it first when the rivers and oceans were displayed. But perpetuating the ctrl-N, the slowdown begins to happen even if only regular land tiles are showing.
I emailed the debug.err file as well as my save game (though I don't think it'll show you anything) to [email protected], with subject heading "FE slowing down with rivers & oceans".
No dump file has been created (since there has been no crash).
I restarted the game and loaded my game and the slowdown problem is gone.
Is this a type of memory leak or memory buildup that is being transferred over from new game to new game???
I'll play this game out for a bit and see if or how long it takes till it slows down again.
3.25gig RAM,
How do you get 3.25 gigs of RAM? Is that free RAM memory (so you actually have 4)?
Obligatory question- Are you running the latest version of your video card drivers?
I noticed a slowdown in .99, but that was after playing for a couple of hours. Quitting and reloading the game seemed to fix it. I think it was using 2.5 Gigs of memory. I see in .992 they fixed some memory leaks, which might help, too.
Yeah, I have 4....winXP only sees 3.25
Probably not running the latest version...but I would imagine late enough....
EDIT3: Checked my drivers. Was running 7/9/2010 ver 6.14.12.5896 ...so pretty recent. Nevertheless, I have now upgraded to 2/9/2012 ver 6.14.12.9573
Also saw some notes about XP multicore operation. Found out that I already have it.
Going to look if update is needed...
EDIT4: Looks like I have the most recent update for winXP Pro: 7/1/2001 ver 5.1.2600.0 with the ACPI Multiprocessor PC active. Shows two CPU graphs in my Task Manager's Performances tab, but only shows a single CPU column in the Task Manager's Processes tab. Is this normal ??