Mate, if you throw a GPU on a machine that has access to DDR3 compared to DDR2 clocked at 667Mhz - what do you think the result is going to be?
Depends on the GPU and where the bottleneck is.
In the case of the old and new MacBooks I am fairly certain the GPU has a bigger effect than the speed of the RAM it can access. Although this is not testable as I cannot build my own hardware.
The problem with the GMA cards is not the speed of the VRAM/RAM but the features it can execute in hardware. The NV card has better hardware in the GPU so even if it had slower RAM it would still be a LOT faster.
Edwin