Many graphics card utilities and 3D apps, plugins for things, etc., still call it VRAM, as that's still kinda correct.
Old VRAM and SGRAM used technology that has either been totally phased out, or was bleeding-edge for memory at the time. Now it's basically the same DDR in your system, but designed with quite a few tweaks to reach high speeds--the joys of not having to cater to hundreds of thousands of different configuration variables. Now there's GDDR3 out as well, as DDR-II was crap for video cards, but DDR is a bit long in the tooth.