arod324,
Yes, you can enable and disable HyperZ in this card. There are several posts (by myself) in this thread a few pages back showing the difference between the 2....about 20% faster with HyperZ enabled.
Also, this card has been stable overclocked from the default 148MHz to 193MHz (with no fan, only a blower in the front of the case blowing air across the card) with absolutely no stability problems.
As far as speed, the card does very well (so far) at the 32 bit tests (4700 for my GeForce 2 GTS 32 DDR vs the 4545 Range for the Radeon (overclocked to about the same speed as the GeForce card)...but on the 16 bit test...the GeForce eats the Radeon LE for lunch....7009 vs 5200...tests run on 3DMark 2000 @ 1024 x 768.
This card may indeed be stripped down from a normal Radeon, but I'm not sure what was stripped. It does have the "acclaimed" image quality of the Radeons (Better than GeForce Card.....crisper text...and suprisingly, crisper 3d (3D by just a little)....)
I'm not trying to justify (as oldfart testified above) the actions by the sellers (Newegg, etc) for falsly advertising this as a regular OEM Radeon 32 DDR...I'm just trying to see where this card fits in to the picture and is worth keeping...for both myself and the many others that ordered