Need For Speed’s official site recently posted a couple of answers to some questions players have asked about the game. The questions were asked by players via e-mails, and the answers were provided by Mr. Scott Nielsen.
When asked when the first patch will come out, Mr. Nielsen provided the second week in February time-frame. He also added that the patch will optimize in-game performance and fix the discontinuity in the frames per second, and will improve the logics of the game's adaptation to the player’s skill level.
Update: the patch has been released and can be downloaded here:
Need for Speed Undercover v188.8.131.52 NA Patch (9.25MB)
Need for Speed Undercover v184.108.40.206 EU Patch (FR/GR/IT) (9.27MB)
Need for Speed Undercover v220.127.116.11 EU Patch (UK/RU/DK/SP/FIN/CZ/HUN) (9.27MB)