Hi itg172,
I doubt that PhysX has anything to do with your problem. According to the scant information from the developers, PhysX is used only for the physics routines for ship dynamics, etc., and only the version that runs on the CPU. Apparently nothing of PhysX is used that is specific to nvidia GPUs.
I, along with many others, get good performance with ATI graphics cards—an HD 5850 in my case.
There are many reasons for poor performance that are not related to the graphics card. SSE differs from most other games in the large amount of processing that must be done by the CPU before each frame can be rendered.
Regards,
Marty