Just thought I would warn everybody now that this is out...
http://wccftech.com/nvidia-geforce-gtx-970-memory-issue-fully-explained/
http://www.extremetech.com/extreme/198214-198214
Once it gets past ~3.3GB of VRAM usage the bandwidth for the remaining ~0.5 GB falls to a tenth of the advertised bandwidth and stuttering occurs. Pitiful that Nvidia would falsely advertise this...
Update: It turns out Nvidia lied about a few other specs as well:
http://www.techpowerup.com/209339/gtx-970-memory-drama-plot-thickens-nvidia-has-to-revise-specs.html
^This is a good summary of the whole situation.