As the 5650, the HD6530M supports DirectX 11, Shader Model 5.0, OpenGL 4.1, OpenCL 1.1, and Directcompute 11. The integrated video processor is still an UVD 2.2 for H.264, VC-1 and MPEG-2 video decoding.
The gaming performance should be on par with a HD 5650 depending on the used graphics memory. Therfore, demanding games like Risen or Battlefield Bad Company 2 can be played in medium to high details fluently. Less demanding games like Fifa 11 should run fluently in Full HD resolution and maximum detail settings.
The power consumption is between 15+ Watt for the chip (according to AMD) and therefore best suited for 13-15" laptops.