It's the same as a Regular Radeon 7000, which is the old Radeon LE I believe. (A Radeon with no hardware transform & lighting acceleration)
About the equivalent of the Geforce2 MX, as far as speed goes.
These parts are the bottom-rung of gaming graphics cards for the desktop PC world, but for Laptops they're somewhere around the middle. Most laptops come with crappy integrated video that has absolutely no gaming capability, so a mobile Radeon 7000 isn't so bad in that respect. At the very least it should RUN most games, although your detail level will have to be rock-bottom for newer titles, and 800*600 resolution or lower.
But it sure as hell isn't going to play Half Life 2 or anything. If you're a serious gamer, go mobility radeon 9600. Of course, it's wayyyyy more expensive...
You get what you pay for.
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Radeon 9500 (modded to PRO w/8 pixel pipelines)
AMD AthlonXP 2000+
3dMark03: 3529