Actually just came across this, only got posted about a month ago:
http://forums.laptopvideo2go.com/topic/29333-max-pre-rendered-frames-benchmarks/
EDIT: Note that it's still not very clear as to what effect it has on input lag or perceived stuttering.
In these drivers I can choose use 3D app setting and 1-4 not 0-8. But that article says the 3D app setting is really 0 but 0 is really 3?? This is even more confusing.