1-2 seconds "freeze" every 3-5 second, game unplayable

So the last couple of weeks I have not been able to play R3E, it started when I tried enabling the Rift DK2, I got these complete image freeze (not sound) for 1-2 seconds every 3-5 seconds (ish).
First thought it was only with the DK2 but noticed later that it happens when running on my monitor too, then i noticed it even happens in the menus!
I've tried reinstalling the game as well as deleting the entire R3E folder from /My docs/simbin/, both to no avail.
Anyone have any idea what might be going on?
 

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