hey there victoryo,
I've got the exact same system (except C2D 2,0Ghz) and also noticed the sluggish graphics.
First of all i lowered the resolution to 1600x1000. That seemed to improve things a bit.
Secondly i did the fakesmc & smbios technique. Best i could do is to use a MacBook 4,1 smbios without sleepenabler/nullcpupowermanagement/vodoopstates.
Everything still works and to my opinion it feels a bit crisper to respond, cpu throttling is faster and graphics a bit better.
My Gpu is also shown as 8400M gs but frankly, i couldn't care less so long as it works.
I believe it can perform better maybe with a MBP 5,1 smbios but i get kernel panic when i try that.
i think it might be the fact that MBP5,1 used ddr3 memory and different FSB than what i have.
Maybe someone else could advise on this matter?