I am having the described issues as well, actually i tested the dual-link display port adapter on the following machine:
Model Name: MacBook Pro
Model Identifier: MacBookPro5,1
Processor Name: Intel Core 2 Duo
Processor Speed: 2.8 GHz
Boot ROM Version: MBP51.0074.B01
SMC Version: 1.33f8
tested with two different external Apple Cinema Displays the screen mostly stays blank. When activating "mirroring", in some cases the external monitor displays a highly distorted image, which is really not usable (green and purple stripes across the screen). Tried with Energy Saver Settings "Graphics: Better Battery Life" and "Graphics: Higher Performance" the results vary slightly, but actually both settings are completely unusable. When switching the graphics cards too often, the whole machine freezes. Freezes also occur sometimes when plugging and unplugging the adapter.
I had replacement of the adapter sent from apple today, and it still has the same issues. Even after the Update "NVIDIA Graphics Update 2009" these problems are still there.
After visiting the local apple reseller store and trying there with several other MBPs of the same generation (5,1) and other dual-link cables the problem could be reproduced. In my opinion, the whole series of those adapters is flawed. Apple should really start a recall.