Apparently laptops, or at least this 2 year old toshiba, doesn't like its cooling system tampered with.
For a few weeks the system was fine, but after a night of seti@home (that shows a light 3d screensaver) the system started acting weird:
Random lockups out of nowhere, BSODs with random errors; at first I thought it was Windows, I tried reinstalling XP, even running an Ubuntu live CD but apparently the lockups were still happening.
After a few hours of cooling the system would turn on again and work. Then I thought it may be the ram so I run some checks, nothing. The only error I could get on those checks was a total system lockup.
Then I visited for a quick look the toshiba forums - that I should have done earlier sadly - and the first suggestion the admins there gave to people that have overheating / random locks problem is "have you tampered with the default video drivers"?
ah.. I thought. It never crossed my mind that it could be that before the cpu overheating.
After cooling the pc down at a low cpu setting and max fan cooling, tried again the old default drivers. After a 2 or 3 hours of intense 3D gaming, no lockups.
However, I'm worried this 'adventure' may have had a lasting effect. I'm afraid something may have 'burnt' and have lasting effects

At least though it's an old laptop and I would change it in a few months

but not now though.