I have a 6700k @ 4.5GHz and a Titan X. I run 4K, and the game recommends 7 out of 10 for the graphic preset which looks worse than live in some aspects. Setting it up to 9/10, in many areas my FPS becomes low 30s due to the new draw distance and grass density. This seems insane given my specs. GPU usage is 99%, so no CPU bottleneck.
I can go on live, max everything, and see 100FPS everywhere. Sure it doesn't look as good but I never expected my computer not capable of maxing WoW. It seems others have experienced the same, and i've made sure it's not my computer by running 3DMark and other benchmarks.
I noticed on the PTR the build is marked "release" so I doubt those background processes are still running that some people blame. Fingers crossed that when 7.0 goes live Tuesday these performance issues don't carry over... =/