A new video card won't help. This isn't a hardware problem. You might be able to use 10.6.6 video kexts on 10.7 or 10.8 and get it working. Going back to 10.6.8 will still give you problems as that version of Snow Leopard has the GPU bug as well.
Right, but can kexts from 10.6.6 still be used in 64-bit Mountain Lion? From the Apple support threads I've been seeing, it doesn't seem like it.
Thanks.