You can thank me later guys.
Found a solution
Head over to
CyberOrg » Compiz on openSUSE 11.1
and follow instructions.
YEAH!!!!
P.S. It's a compiz problem apparently and not NVIDIA as i also tried every driver, now i got everything with no problems whatsoever
P.S.2 Glxgears works fine again having about 4.5k frames per second.
P.S.3 As i said You can thank me later