Just a short summary before upgrading:
Currently I am running the whole thing on a pre-sandybridge system with following versions:
xf86-video-intel 2.99.911 (after 912 XBMC keeps crashing on startup)
libva master
libva-intel-driver master
ffmpeg 2.4.3 (I find the version numbers pretty confusing here, since rofa mentions 1.2.6)
Runs pretty good up to 720p, HQ scaling being only available on 576i. The platform only provides Bob deinterlacer, which is a great improvement compared to no deinterlacing but still lots of micro juddering.
EDIT: 1080i is playing back too slow, loses a/v sync after a few seconds
Tomorrow I will replace the old board with an AsRock Q1900-ITX, and report back what's working there and how.