Many issues with version, need suggestions please!

I know part of the problem is with many people logging in...but even during off-hours, my game is extreeeeeeeeeeeemely laggy with this update, with long freezes, difficult or impossible tp's, objects created and supposedly returned to inventory but nowhere to be found. My main concern is the terrible lag & freezes. This is not in a crowded sim..just even at home. Are there any settings I should change? Is it just the immediate problem of it being new? Worked well and handled game well before. Any suggestions of things that have worked for you would be appreciated; it is almost unplayable at this point.

Yes, a lot of the time the initial slowdown with a new release is because the thousands of assets: objects, textures etc that residents have need to be recached. It usually settles down after a day or two. That might explain the slowness.