it's not the graphic card problem - i mean technical on or so, but the divers - i have the same problem for about a week, and in the end i even have bought Vista Ultimate...but with no results.. Eventually I've installed on on the other drive one more time XP Professional and the drivers, but not the latest ones, but from october 2007. Everthing is OK
The drivers need to be either from october, august or may 2007 - i've had experienced very similar problems with ArchiCAD 10 in june and changing the drivers was all i had to do...and now - after system reinstallation and getting the latest drivers(they need to be fixed).
oh and don't forget to instal the certified driver from the list below the drivers pack - it's also needed to run archiCAD 11 (and 10) properly..
i hope what i wrote will help you a little bit, let me know if so
P.S. Now I use Windows XP Professional x86/ Windows Vista x64 Ultimate, motherboard Asus P5B, ATI FireGL 3400 and ArchiCAD 11 EDU