Too bad the 8600M GT isn't getting h.264 acceleration, but honestly, my MBP has never had any stuttering issues with playback anyway. I could see it being useful if you're running multiple simultaneous window instances of HD video, but I've never done it.
I'm thrilled that it's supporting OpenCL though. I just hope that using the GPU more often for computational tasks doesn't mean the supposedly fail-happy 8600M GT will fry itself all the faster.
The 8600M GT should handle h.264/1080p without any issues whatsoever.
And there's a recent firmware update that fixes previous issues. So your 8600M GT should be able to take a full load like a man.
I know that last part sounded odd, but you know what I mean.