Hello,
Here is a link to a video showing the lags I am experiencing using Blender 2.70:
https://www.youtube.com/watch?v=AxM2gzGCGjg&feature=youtu.be
I recommend you watch the short video to get an idea of the problem before testing the file
I join the file here:
http://glp.lescigales.org/it/blender/Vase%20C%c3%a9ramique.blend
You'll find 3 layers: the bottom one has a vase and a plane, lamp etc.
Layer 2 has a mesh with an unapplied modifier stack and particles system on top of it.
Layer 1 has the same mesh and the modifier stack has been applied one by one from top to bottom, and there's still the particle system on top of that.
When entering cycles rendered view, everything is smooth with layer 1 turned on.
But if ytou switch to layer 2 and disable layer 1, you'll find the viewport to be 1. much slower to build (BVH thing and Copy to device, etc…) and 2. completely laggy. Impossible to pan and rotate fluidly.
With blender 2.69, it made no difference, both versions of the plant where equally fluid.