Kegetys has released a Noblur mod on the BI Forums. This mod disables the motion blur and optionally the "bloom" postprocessing effects from ArmA 2 game version v1.01 final.
It allows disabling the motion blurs and optionally the "bloom" as well. Disabling the motion blur effect seems to increase the fps as well, an official fix would propably increase it a bit more since this one just replaces the PS effect with a direct copy "effect".