I think people blow the extra resolution way out of proportion. So far I've been able to get very good performance out of the mobility 4850 at the 27 inch's native resolution and high-ultra settings (starcraft2, dirt2, modern warfare 2 etc) In fact, the added resolution doesn't play that large of a role for some games (take starcraft2, where going from 1920x1080 to 2560x1440 only means losing 6fps) If apple introduces mobility 5870 in the next iMac, those machines would have enough power to run all of today's most demanding games, and next year's most demanding games with high-ultra settings on native resolution. People like to downplay the recent iMac's gaming prowess for some reason.
Do your math again
1280x720 being half of 2560x1600 doesn't make sense either. 1280 is half of 2560, but 720 is not half of 1600.
Hmm really ultra on native for sc2 I was expecting 1080P ultra at most. Is that windows or Mac os your playing it on?