Well I hope you've all read about Cinema 2.0 by AMD. Probably the most amazing techniques on this sector in comparison to what else happened on this sector during the past years...

http://www.techpowerup.com/68335/AMD_Sho...pers_Reach.html
http://www.youtube.com/watch?v=Bz7AukqqaDQ
http://www.youtube.com/watch?v=x2fS9covXBs&feature=related
http://www.youtube.com/watch?v=Wi5s4yP1Kpg

In addition to that it was reported that the trailers for "Transformers" (yes the movie) were rendered by a HD29000 XT graphics card at 1.280x720 giving about 20-30 fps (=pretty much realtime). A new HD4870 is reported not to drop below 60fps for this task...

Enjoy your meal
Toast