BANDING AND DRIVER CRASHING SOLVED:
I bought the following iMac on April 18, 2010 to run Windows 7 and Autodesk REVIT 2011.
27" iMac (Late 2009)
Intel Core i7, quad-core, 2.8GHz
8GB (4x2GB) memory
1TB Hard Drive
ATI Radeon HD 4850 512MB Display Adapter
Apple Magic Mouse
Apple Wireless Keyboard
Apple BootCamp with Windows 7 Ultimate
Installed OSX, downloaded and installed all updates.
Installed BootCamp 3.1
Installed Windows 7 Ultimate 64bit and had the problem of the black screen during install. This was solved with the fix from apple support (copy latest drivers to a flash drive and continue to install windows). This resulted in apple windows driver 8.681.0.0 and the 16 bit color with banding. Rolled back the driver to 8.661.0.0. The banding issue was solved, but then had intermittent crashing (reset of the driver) in Chrome and REVIT 2011. This driver caused yellow "dots", then lockup and generally would reset. Very disruptive to REVIT.
SOLUTION:
Went to ATI website and downloaded Catalyst 10.4, then manually installed ATI Mobility Radeon HD 4850 display driver version 8.723.0.0. This display driver has 32 bit color, does NOT exhibit the color banding and has not had screen flicker, driver resets, or crashing in any programs run so far. I use this computer only for Autodesk REVIT 2011. The ATI HD 4850 is not officially supported by Autodesk, but I am able to run REVIT 2011 with hardware acceleration and anti-aliasing with no problems. So far that has been only for one day, but was not able to go more than a few minutes with the previous drivers.
I have not run any speed benchmarks yet, but compared to my Windows 32 bit XP machine, the performance is much improved.