Hah actually this is crap. Well... let me clarify.
Intel's onboard graphics (Sandy Bridge) comes in two varieties, 2000 series and 3000 series. For laptops, almost all of them are the 3000 series chips, but for desktops, only the K series CPUs have 3000 series, which are the "unlocked" CPUs for overclocking, and generally speaking, overclockers are going to go with high powered discreet GPUs, not to mention using the top end motherboards, P67, which disable onboard graphics anyway. Therefore the mainstream market on the H67 platform will generally be stuck with the 2000 series onboard graphics, which is piss poor performance.
For laptops tho, yes, these will deliver mediocre graphics. At least comparable to current Nvidia and ATI offerings like 3xxM and 5xxxM, respectively.
As you can see, it's not even as good as a low-mid range card, the 5550. However, laptop resolutions are usually less than this even, so for that application, these new onboard graphics are going to be awesome.
Full article review here:
http://www.tomshardware.com/reviews/sandy-bridge-core-i7-2600k-core-i5-2500k,2833-7.html
A couple nice features tho, the CPUs themselves are clock for clock the fastest ever. They are ridiculously fast. They also have one very nice feature with these onboard graphics, that is when doing video encoding. Currently most implementations focus on using all your CPU cores, and a few allow for CUDA (Nvidia) or Stream (ATI) to use GPU power on top of CPU to encode video. With these new Sandy Bridge CPUs, Intel already has some support for their onboard EUs (the graphic cores on the CPU) which speeds up video encoding by at least double what CPU+GPU encoding currently delivers. So that's really awesome.