It is possible, just as some notebook manutactors will let you upgrade the video. Still you shouldn´t count on it, unless they tell you that it´s possible. The new notebooks from Alienware (Area-51M) will let you upgrade both video and CPU, but most manufactors won´t! I know HP and Alienware is selling notebooks that´ll make you able to upgrade later on, but with AOpen, Asus, Dell, Fujitsu-Siemens, Medion and Toshiba, it might be possible, but don´t count on it!
---
The difference between theory and practise in practise is greater than the difference between theory and practise in theory.