Game suddenly is unplayably slow
I've been running LotRO for years on max settings, and using the 64-bit client since it became available. But suddenly it is very stuttery. As soon as you launch, the little Standing Stone logo animation is jittery. Then when I get to the character selection screen, the background graphics slowly pop in as does my character. If I hover over a button, it takes a few seconds before I see it highlight. Once I'm in game, it's the same slideshow - if I attempt to move the camera, nothing happens at first but a few seconds later it jumps to the new position.
I did change antivirus (from Avast to Kaspersky) in between the last smooth run of the game and this new performance issue. However, even if I completely shut down Kaspersky (not just disable it), the problem is still there. I also had the client re-download all data, no change. I uninstalled the non-Steam client and then installed the Steam client, no change.
I have also recently updated my video driver (Nvidia) and installed a Windows update from earlier this year that I stumbled on.
Any idea what might be going on?