Just to share my experience - since I got it (on my MSI725), I was constantly confronted with performance glitches and slow downs during gaming (hugely disappointing). I had try all - Vista 32/64bit, XP 32/64bit, win 7 32bit (64bit is not supported, at least I couldn't find all the drivers for my machine). Presently running win 7 32bit.... all with same problem - slowing down during gaming that was looking like Overheating...
How to Fix ATI HD 4850 Mobile Performance issues or slow down problems while playing
Resolution: I found modded drivers 10.5 of catalyst from tweakforce.com (XG Mobile Cats 10.5 Win7/Vista). Go to Catalyst Control Center and go to ATI Overdrive section - I had to reduce the memory clock to 450 Mhz from the default 850 in order to get this baby stable. That downclock fix the problem, at the same time I was able to clock UP the GPU to 530 from the original 500 Mhz. Now I can enjoy my games at full HD with High details and even some multi sampling. (Dirt2 is running at 1920x1080 on Ultra-High profile with 2 x Multi Sampling average FPS is 30, good for playing and really beautiful, also COD MW2 is smooth and pretty)
McFire
MSI GT725-024US (P8600 with 4GB PC6400, 320GB/7200 RPM drive with ATI HD 4850 on ACER 24" FullHD)