btw, the low clocks are not directly comparable to your old 6600gt.
a 6600gt has a 128bit bus while the 6800 hasa 256bit bus.
the 6800 memory at 501mhz will have more bandwith than a 6600gt at 1000mhz due to bus width so at 700mhz, you already have 40% more bandwith.
so anyway, the core is still memory limited. Just look at how well the 6800gs does with a higher memory clock and more video ram(the 6800 nv40 core was designed for 256mb). I did a test the 6800gs unlocked to 16pipes and downclocked to 325/700 does 4200 3dmark05s. A 6800 unlocked at stock 325/700 speeds does ~3800 4dmark 05s meaning it is still limited by memory. Also, since yoyu have essentially a 6800gt or 6800 ultra core, paired with 700mhz memory, not the 1ghz or 1.1ghz that this core was designed for, it will be a bottneck.