It happened to me the yesterday...
Everything was running smoothly - then suddenly dropouts and clicks and hell.
Only to realise that Windows was downloading updates and wanted to install / restart.
I restarted and everything worked perfectly fine again. It was like the machine was suddenly bogged down with trying to finalise the update sort of thing.
So at the risk of sounding like your typical IT guy - have you tried restarting your system?
Have you introduced a bunch of effects?