Yes - a dropping frame rate is normal in preview and as suggested just drop the quality. Also if you have enough ram (2 gig up) you can prerender looped areas to ram to check progress quickly when preview stutters. Its under 'tools'.
If you want a faster preview make sure the project properties are the same as the media you are editing.
A faster cpu is really the only way to vastly improve matters. I am saving for a quad core.
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JVC DV5001e (big cam), Sony PC6E (tiny cam), Vinten pro5, PAG light, SM58, Sony ECM50, Sony C-76, 0.5x convertors for sony, Rode video mic, Vegas 7.
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