Okay, so Episode 1 installed and loaded up well enough. I didn't even need to tweak any of the launch options beyond adding my usual "-window". After playing through it a short way, and reaching a certain point, I start experiencing massive slowdown when I am in the general vicinity of the next room I'm supposed to go through. I haven't actually played Episode 1 before, which is why I'm being so vague--I don't actually know what's in that room that's causing me to lag so much.
I've recorded a short video showing how it starts lagging up unplayably when I approach the room, and if I hold onto BACK, I can manage to get away and start moving normally again:
http://www.youtube.com/watch?v=fRs2kdyabhw
Other details: I'm running this on a 2.5GHz Macbook Pro, with an nVidia Geforce 8600M GT, 512M video ram. Running OSX 10.5.2.
I've tried using -dxlevel 81, and -dxlevel 80, and both experience the same problem. I cannot reach the title screen if I use -dxlevel 70.
I have had success playing Portal (from start to finish), and Team Fortress 2 with no problems (apart from mouse lag, grr), and Episode 1 was playing fine up until now (apart from mouse lag, again, grr).
So, anyone else played this through and experienced this issue, or got any ideas how to fix it?