This seems to be common issue with 5770/5870 when using mDP/DP, IMO not related to 10.8 (first reports started with 10.6, when these cards did appear on the market).
Disconnecting and plugging back display cable does the trick in some cases.
https://forums.macrumors.com/threads/1054925/
Apple was aware about this roblem, and there's their solution:
http://support.apple.com/kb/TS3533