Hi @skinnytorus, thanks for the feedback,
You should probably update your driver to 376.33 WHQL (Release Date: 2016.12.14)
By the way, I did do manage to reproduce the issue on GTX480/Windows7 with 372.90 driver nether with the 376.33 driver.
It's certainly more related to the GPU generation or OS version, do you run under Windows 8, 8.1, or 10 ?
Can you go to the Smode Edit/Preferences/Engine/Graphics Windows/Graphics Device Parameters
And disable the "Forward Compatible Profile"
Then Apply Changes
Then restart Smode
And tell us if this fix the warning message ?
Thanks a lot for this.