Great display with a crap poor video card. Im surprised they let this ship like this.
You just summarized all Apple offerings ever.
The 650M is the highest-end graphics card that would meet size, energy, and heat criteria for this build-out. The 680, for example, is an energy-sucking furnace. As others have mentioned elsewhere, they really should call it the 660M, because it's been tweaked and overclocked to its limit out of the box, as well.
It's far from a crap poor video card. It's a massively graphics-intensive display. It will play many of the top 3D games out right now at full to near-full settings and resolution.