Hi Richard,
Right now you don't need a particularly good graphics card for TG2. However I think for the future a better graphics card will be useful as we improve object previews and such. If I was speccing a machine right now I wouldn't go for the absolute top of the line, but I wouldn't go for the bottom of the heap either. When I order a new Mac, hopefully in the next few months, I'll be adding the 512 MB ATI Radeon HD 4870 to it. That isn't a stupendous card, and on the Mac our options are very limited ( two whole cards to choose from ), but I believe it's a lot better than the 512MB NVIDIA GeForce GT 120 which is the base model. I'm optimistic that, unlike last time I bought a new machine and up-specced the graphics card, this time we'll actually be adding something to give it a workout :-).
Regards,
Jo