You may be out of luck, if the GPU is to fault the Logic Board has to be replaced. I too have an Early 2008 15" MBP 2.4 Penryn it has served me extremely well, however i have always been mindful of this flaw, mine has never exhibited and graphical issues. Speak to Apple if you are in the window less than four years from point purchase they will replace the Logic Board gratis, ask nicely and they may even still, if past the four year point costs nothing to ask.
Try keeping the GPU below 70C I am using UltraFan, it will help to extend the machines lifecycle, as beyond 70C the packaging is more prone to failing, elevating the back of the notebook will also help with air circulation. You can monitor the systems temperatures with iStat or for greater detail bresink temperature monitor.
http://support.apple.com/kb/TS2377
Symptoms
In July 2008, NVIDIA publicly acknowledged a higher than normal failure rate for some of their graphics processors due to a packaging defect. At that same time, NVIDIA assured Apple that Mac computers with these graphics processors were not affected. However, after an Apple-led investigation, Apple has determined that some MacBook Pro computers with the NVIDIA GeForce 8600M GT graphics processor may be affected. If the NVIDIA graphics processor in your MacBook Pro has failed, or fails within four years of the original date of purchase, a repair will be done free of charge, even if your MacBook Pro is out of warranty.
What to look for:
Distorted or scrambled video on the computer screen
No video on the computer screen (or external display) even though the computer is on
Specific products affected:
MacBook Pro 15-inch and 17-inch models with NVIDIA GeForce 8600M GT graphics processors
MacBook Pro (17-Inch, 2.4GHz)
MacBook Pro (15-Inch, 2.4/2.2GHz)
MacBook Pro (Early 2008)
These computers were manufactured between approximately May 2007 and September 2008