Yup with my dual 6950s, it's much smoother when going to 1 gpu, u may not notice it much until u try 1gpu and experience it. It's a big step in smoothness.
But I need 2 gpus because I love supersampling aa and that destroys frames.
Using a frame rate limiter like msi afterburner or dxtory to remove fps oscillations helps with stuttering and tearing.
I might add a 3rd 6950, I keep reading peoples experiences about the 3rd gpu making the games as smooth as just one card due to crossfire/sli being handled differently in a tri setup compared to a dual.
aim for 60fps, but you have to aim for higher so that it doesn't drop lower than 60 when you get more cars on screen, smoke and dust effects, night racing and headlights etc.
I heard the physics run at 100hz or something so ideally you should aim for 100fps (even though you can visually only see a difference up until 60fps on a 60hz monitor), I also heard that multiples of 60 help reduce tearing, so I have my fps limited at 119, setting it to 120 actually limits the frames more often than not to around 121, so I use 119 which is more a true 120.