Originally Posted by cehoyos
Wrong if your CPU has SSE support (= Pentium III 500, Athlon XP or newer).
But not wrong if all you have is an AGP slot - as far as I know there are no AGP cards with GPUs new enough to support VDPAU (correct me if I'm wrong; I've been looking). You could get a PCI card, I guess, but I wouldn't expect very good performance even with VDPAU, let alone 3D.
Still, announcing support and actually delivering something that works are a long way apart, so AMD and/or their developer community still have some distance to go.