Kernel Panic - It's the Video Card or What?

Question

I've been experiencing this since the last week, i'm using the Macbook Pro (Running Lion 10.7.3) and at one moment the screen start to flicker (Look at the photo) and then shows the Gray Screen of Death. When i turn off then ON, the Macbook Pro screen goes with the apple logo but Pink. After some attempts i can finally boot and use it for about a day and then it does it again.
This log is from yesterday, for me it's very strange because i havent installed anything, i refuse to think it the VIDEO CARD.... because when it works it just work fine.
This is a 14 Months Old Macbook Pro 8,2
Wed May  9 20:38:53 2012
panic(cpu 2 caller 0xffffff80002c266d): Kernel trap at 0xffffff7f81927267, type 14=page fault, registers:
CR0: 0x000000008001003b, CR2: 0x0000000c0e064720, CR3: 0x0000000021be402b, CR4: 0x00000000000606e0
RAX: 0x0000000000000000, RBX: 0x0000000c0e064720, RCX: 0x0000000000000001, RDX: 0x0000000000000001
RSP: 0xffffff80f0ee3980, RBP: 0xffffff80f0ee39b0, RSI: 0x0000000000000000, RDI: 0xffffff801527cd80
R8:  0x0000000000000001, R9:  0x0000000c0e064720, R10: 0x8000000021be402b, R11: 0x0000000000000000
R12: 0x0000000067656f70, R13: 0xffffff80149ce000, R14: 0xffffff801527cd80, R15: 0x0000000000000000
RFL: 0x0000000000010246, RIP: 0xffffff7f81927267, CS:  0x0000000000000008, SS:  0x0000000000000010
CR2: 0x0000000c0e064720, Error code: 0x0000000000000002, Faulting CPU: 0x2
Backtrace (CPU 2), Frame : Return Address
0xffffff80f0ee3640 : 0xffffff8000220702
0xffffff80f0ee36c0 : 0xffffff80002c266d
0xffffff80f0ee3860 : 0xffffff80002d7a1d
0xffffff80f0ee3880 : 0xffffff7f81927267
0xffffff80f0ee39b0 : 0xffffff7f8165a4da
0xffffff80f0ee3aa0 : 0xffffff7f81643c5d
0xffffff80f0ee3af0 : 0xffffff7f81644139
0xffffff80f0ee3b20 : 0xffffff7f81655602
0xffffff80f0ee3b40 : 0xffffff7f81655761
0xffffff80f0ee3b60 : 0xffffff7f8166b727
0xffffff80f0ee3be0 : 0xffffff7f8160900a
0xffffff80f0ee3c00 : 0xffffff7f816090ee
0xffffff80f0ee3c40 : 0xffffff7f815e7332
0xffffff80f0ee3c70 : 0xffffff7f80c308a0
0xffffff80f0ee3cb0 : 0xffffff7f80c309ab
0xffffff80f0ee3cd0 : 0xffffff7f80c3c079
0xffffff80f0ee3d40 : 0xffffff7f80c3a7b8
0xffffff80f0ee3d80 : 0xffffff8000620aea
0xffffff80f0ee3dd0 : 0xffffff80006541ae
0xffffff80f0ee3e30 : 0xffffff80002a34c1
0xffffff80f0ee3e80 : 0xffffff8000223006
0xffffff80f0ee3eb0 : 0xffffff8000214829
0xffffff80f0ee3f10 : 0xffffff800021bb58
0xffffff80f0ee3f70 : 0xffffff80002aeb80
0xffffff80f0ee3fb0 : 0xffffff80002d8383
      Kernel Extensions in backtrace:
         com.apple.iokit.IOGraphicsFamily(2.3.2)[FE536983-1897-3D6B-965E-24B5A67080DA]@0 xffffff7f80c25000->0xffffff7f80c5cfff
            dependency: com.apple.iokit.IOPCIFamily(2.6.8)[F63D4ABE-42DA-33EF-BADD-3415B0CB0179]@0xffff ff7f80840000
         com.apple.ATIRadeonX3000(7.1.8)[F4FEA23A-BEEF-313E-B4B8-0E2FB91BC0B9]@0xffffff7 f815e5000->0xffffff7f8187bfff
            dependency: com.apple.iokit.IOPCIFamily(2.6.8)[F63D4ABE-42DA-33EF-BADD-3415B0CB0179]@0xffff ff7f80840000
            dependency: com.apple.iokit.IONDRVSupport(2.3.2)[4B3F84DC-18B3-3897-BC56-4E3940878047]@0xff ffff7f80c5d000
            dependency: com.apple.iokit.IOGraphicsFamily(2.3.2)[FE536983-1897-3D6B-965E-24B5A67080DA]@0 xffffff7f80c25000
         com.apple.kext.ATIFramebuffer(7.1.8)[3FEA7F49-3538-32EA-8319-B665CD87A8DC]@0xff ffff7f8191f000->0xffffff7f81930fff
            dependency: com.apple.iokit.IOACPIFamily(1.4)[4A5A4624-7A52-3EA0-BB8D-5B265B086727]@0xfffff f7f807cd000
            dependency: com.apple.iokit.IOPCIFamily(2.6.8)[F63D4ABE-42DA-33EF-BADD-3415B0CB0179]@0xffff ff7f80840000
            dependency: com.apple.iokit.IOGraphicsFamily(2.3.2)[FE536983-1897-3D6B-965E-24B5A67080DA]@0 xffffff7f80c25000
            dependency: com.apple.kext.ATISupport(7.1.8)[89B3F21E-C41D-34FD-B7F7-5F98DE677E1E]@0xffffff 7f8145b000
BSD process name corresponding to current thread: WindowServer
Mac OS version:
11D50
Kernel version:
Darwin Kernel Version 11.3.0: Thu Jan 12 18:47:41 PST 2012; root:xnu-1699.24.23~1/RELEASE_X86_64
Kernel UUID: 7B6546C7-70E8-3ED8-A6C3-C927E4D3D0D6
System model name: MacBookPro8,2 (Mac-94245A3940C91C80)
System uptime in nanoseconds: 51774966598
last loaded kext at 45427367958: com.apple.driver.AppleHWSensor          1.9.4d0 (addr 0xffffff7f81ccc000, size 28672)
loaded kexts:
com.apple.driver.AppleHWSensor          1.9.4d0
com.apple.driver.AppleMikeyHIDDriver          122
com.apple.driver.AudioAUUC          1.59
com.apple.driver.AppleTyMCEDriver          1.0.2d2
com.apple.driver.AppleUpstreamUserClient          3.5.9
com.apple.driver.AppleMCCSControl          1.0.26
com.apple.driver.AppleHDA          2.1.7f9
com.apple.driver.AppleMikeyDriver          2.1.7f9
com.apple.driver.AppleIntelHD3000Graphics          7.1.8
com.apple.driver.AGPM          100.12.42
com.apple.kext.ATIFramebuffer          7.1.8
com.apple.driver.SMCMotionSensor          3.0.1d2
com.apple.iokit.IOUserEthernet          1.0.0d1
com.apple.driver.AppleSMCLMU          2.0.1d2
com.apple.Dont_Steal_Mac_OS_X          7.0.0
com.apple.driver.AudioIPCDriver          1.2.2
com.apple.driver.ACPI_SMC_PlatformPlugin          4.7.5d4
com.apple.ATIRadeonX3000          7.1.8
com.apple.driver.AppleMuxControl          3.0.16
com.apple.driver.AppleLPC          1.5.3
com.apple.driver.AppleBacklight          170.1.9
com.apple.filesystems.autofs          3.0
com.apple.driver.AppleUSBTCButtons          225.2
com.apple.driver.AppleUSBTCKeyEventDriver          225.2
com.apple.driver.AppleUSBTCKeyboard          225.2
com.apple.driver.AppleIRController          312
com.apple.iokit.SCSITaskUserClient          3.0.3
com.apple.AppleFSCompression.AppleFSCompressionTypeDataless          1.0.0d1
com.apple.AppleFSCompression.AppleFSCompressionTypeZlib          1.0.0d1
com.apple.BootCache          33
com.apple.iokit.IOAHCIBlockStorage          2.0.1
com.apple.driver.AppleUSBHub          4.5.0
com.apple.driver.AppleFWOHCI          4.8.9
com.apple.driver.AirPort.Brcm4331          513.20.19
com.apple.driver.AppleSDXC          1.1.4
com.apple.iokit.AppleBCM5701Ethernet          3.0.8b2
com.apple.driver.AppleEFINVRAM          1.5.0
com.apple.driver.AppleSmartBatteryManager          161.0.0
com.apple.driver.AppleAHCIPort          2.2.0
com.apple.driver.AppleUSBEHCI          4.5.8
com.apple.driver.AppleUSBUHCI          4.4.5
com.apple.driver.AppleACPIButtons          1.4
com.apple.driver.AppleRTC          1.4
com.apple.driver.AppleHPET          1.6
com.apple.driver.AppleSMBIOS          1.7
com.apple.driver.AppleACPIEC          1.4
com.apple.driver.AppleAPIC          1.5
com.apple.driver.AppleIntelCPUPowerManagementClient          167.3.0
com.apple.nke.applicationfirewall          3.2.30
com.apple.security.quarantine          1.1
com.apple.driver.AppleIntelCPUPowerManagement          167.3.0
com.apple.driver.AppleAVBAudio          1.0.0d11
com.apple.driver.AppleHDAHardwareConfigDriver          2.1.7f9
com.apple.driver.DspFuncLib          2.1.7f9
com.apple.driver.AppleSMBusController          1.0.10d0
com.apple.iokit.IOSurface          80.0
com.apple.iokit.IOBluetoothSerialManager          4.0.3f12
com.apple.iokit.IOSerialFamily          10.0.5
com.apple.iokit.IOFireWireIP          2.2.4
com.apple.iokit.IOAVBFamily          1.0.0d22
com.apple.driver.AppleHDAController          2.1.7f9
com.apple.iokit.IOHDAFamily          2.1.7f9
com.apple.iokit.IOAudioFamily          1.8.6fc6
com.apple.kext.OSvKernDSPLib          1.3
com.apple.driver.AppleSMC          3.1.1d8
com.apple.driver.IOPlatformPluginFamily          4.7.5d4
com.apple.driver.ApplePolicyControl          3.0.16
com.apple.driver.AppleGraphicsControl          3.0.16
com.apple.driver.AppleSMBusPCI          1.0.10d0
com.apple.driver.AppleBacklightExpert          1.0.3
com.apple.iokit.IONDRVSupport          2.3.2
com.apple.driver.AppleThunderboltEDMSink          1.1.3
com.apple.driver.AppleThunderboltEDMSource          1.1.3
com.apple.driver.AppleThunderboltDPOutAdapter          1.5.9
com.apple.kext.ATI6000Controller          7.1.8
com.apple.kext.ATISupport          7.1.8
com.apple.kext.triggers          1.0
com.apple.driver.AppleIntelSNBGraphicsFB          7.1.8
com.apple.iokit.IOGraphicsFamily          2.3.2
com.apple.driver.AppleFileSystemDriver          13
com.apple.driver.AppleThunderboltDPInAdapter          1.5.9
com.apple.driver.AppleThunderboltDPAdapterFamily          1.5.9
com.apple.driver.AppleThunderboltPCIDownAdapter          1.2.1
com.apple.driver.BroadcomUSBBluetoothHCIController          4.0.3f12
com.apple.driver.AppleUSBBluetoothHCIController          4.0.3f12
com.apple.iokit.IOBluetoothFamily          4.0.3f12
com.apple.driver.AppleUSBMultitouch          227.1
com.apple.iokit.IOUSBHIDDriver          4.4.5
com.apple.driver.AppleUSBMergeNub          4.5.3
com.apple.driver.AppleUSBComposite          4.5.8
com.apple.iokit.IOSCSIMultimediaCommandsDevice          3.0.3
com.apple.iokit.IOBDStorageFamily          1.6
com.apple.iokit.IODVDStorageFamily          1.7
com.apple.iokit.IOCDStorageFamily          1.7
com.apple.driver.XsanFilter          403
com.apple.iokit.IOAHCISerialATAPI          2.0.1
com.apple.iokit.IOSCSIArchitectureModelFamily          3.0.3
com.apple.driver.AppleThunderboltNHI          1.3.2
com.apple.iokit.IOThunderboltFamily          1.7.4
com.apple.iokit.IOUSBUserClient          4.5.8
com.apple.iokit.IOFireWireFamily          4.4.5
com.apple.iokit.IO80211Family          412.2
com.apple.iokit.IOEthernetAVBController          1.0.0d5
com.apple.iokit.IONetworkingFamily          2.0
com.apple.iokit.IOAHCIFamily          2.0.7
com.apple.iokit.IOUSBFamily          4.5.8
com.apple.driver.AppleEFIRuntime          1.5.0
com.apple.iokit.IOHIDFamily          1.7.1
com.apple.iokit.IOSMBusFamily          1.1
com.apple.security.sandbox          177.3
com.apple.kext.AppleMatch          1.0.0d1
com.apple.security.TMSafetyNet          7
com.apple.driver.DiskImages          331.3
com.apple.iokit.IOStorageFamily          1.7
com.apple.driver.AppleKeyStore          28.18
com.apple.driver.AppleACPIPlatform          1.4
com.apple.iokit.IOPCIFamily          2.6.8
com.apple.iokit.IOACPIFamily          1.4

Answer 1

Thanks to both of you;
Right now i'm using my Macbook Pro 17 (Early2010) didn't had another one. The one affected with the problem is there in a box, i'm thinking about getting it to a diagnostic because it doesn't have warranty.
Its kinda weird because i can use it for almost a day and it dont throw any error. When it bad behave it doesnt matter what im doing, has happened during FinalCut or Photoshop or also just surfing the web...!
Video Card for me it's not an option because like you said it its throwing panic kernels which in my experience, these video card crash just goes off and that is.
if you know anything else please help me and let me know, this is a 14 months old MBP... Apple do not want to talk to me via telephone support.