You seem to be assuming that
all the northbridge did was talk to memory.
If you look at several Northbridge chips they also have duties talking to highbandwidth PCI. From example
http://en.wikipedia.org/wiki/Direct_Media_Interface has a few links to some Intel Northbridge chips.
The Nehalem era X58 is still a northbridge. It didn't disappear. It has fewer duties but it isn't gone. Primarily, the X4x series also have the PCI-e 8x connectivity in addintion to memory.
Wouldn't putting your graphics on the other side of DMI limit your bandwidth. Granted not going to have multi GPU kinds of data movement but this is same southbridge where all the other I/O is coming from too. Putting EVERYTHING (graphics + graphics memory , disks , etc. ) on the other side of DMI seem to unbalance the system significantly. Doing heavy disk I/O a the same time as heavy graphics going through the same pipe ( a PCI 4x sized one) ? [ Like pull and decode HD video for example. ]
Likewise, the 9400M has a huge chunk dedicated to graphics. Those Watts aren't going to disappear from a system that doesn't have one.
Likewise for AMD ( which has had emedded memory controllers for a even longer time)
http://en.wikipedia.org/wiki/Comparison_of_AMD_chipsets
Note the column that outlines the name of the Southbridge. Some of nVidia design might have collaspsed into one ( or they just sell them bundled. )
Does Nvidia have ability to do DMI ( or just the CPU/Northbridge one)? I thought it is the QPI interface that they are suing on?
The memory controllers are integrated in the CPU; not the Northbridge.
Discrete GPUs hooked to what? If there is only a Southbridge left you'd have to hook the those to the Southbridge. So some discrete GPU that gets some fraction of a PCI-e 4x worth of bandwidth.