I have a VisionTek Radeon HD 4650 PCIex16 video card installed. I can't run anything other than the built-in display at 1024x768.
I get the following:
$ dmesg | egrep 'drm|radeon'
[ 5.527134] [drm] Initialized drm 1.1.0 20060810
[ 5.591796] [drm] radeon kernel modesetting enabled.
[ 5.591874] fb: conflicting fb hw usage radeondrmfb vs VESA VGA - removing generic driver
[ 5.592565] [drm] initializing kernel modesetting (RV730 0x1002:0x9498 0x1545:0x4330).
[ 5.592593] [drm] register mmio base: 0xFE9F0000
[ 5.592596] [drm] register mmio size: 65536
[ 5.592752] radeon 0000:01:00.0: VRAM: 512M 0x0000000000000000 - 0x000000001FFFFFFF (512M used)
[ 5.592757] radeon 0000:01:00.0: GTT: 1024M 0x0000000020000000 - 0x000000005FFFFFFF
[ 5.592760] [drm] Detected VRAM RAM=512M, BAR=256M
[ 5.592763] [drm] RAM width 128bits DDR
[ 5.593295] [drm] radeon: 512M of VRAM memory ready
[ 5.593298] [drm] radeon: 1024M of GTT memory ready.
[ 5.593313] [drm] Loading RV730 Microcode
[ 5.593338] radeon 0000:01:00.0: Direct firmware load failed with error -2
[ 5.593342] radeon 0000:01:00.0: Falling back to user helper
[ 5.608499] r600_cp: Failed to load firmware "radeon/RV730_pfp.bin"
[ 5.608505] [drm:rv770_init] *ERROR* Failed to load firmware!
[ 5.608511] radeon 0000:01:00.0: Fatal error during GPU init
[ 5.608517] [drm] radeon: finishing device.
[ 5.630462] [drm] radeon: ttm finalized
[ 5.630857] radeon: probe of 0000:01:00.0 failed with error -2
Download file RV730_pfp.bin from this site http://people.freedesktop.org/~agd5f/radeon_ucode/ and put it in /lib/firmware/radeon