@shtruck: Maybe I find something interesting. I run fpse under chainfire3d app and noticed that if i select "reduce texture size" text in game is not readable, but fps in slowdowns are increased - from 10/12 fps to 30/40 fps. I hope this help fix problem with slowdowns.
Just release FPse 0.11.29 and with what all SGII / SG Note and SGIII owners was waiting for longtime!!! FPse 0.11.29: - Important Fix (workaround) for Samsung Galaxy SII, SIII and Note , and all other MALI400 devices with OpenGL plugin! Now you'll have huge speed without any trick and without need ...