Sorry for digging up an old thread.
I received a PM today from someone asking if I ever sourced this chip or found the solution to my problem here.
I just realized I never posted a follow up with the resolution. And yes it does have a resolution.
Firstly, to fix my Radeon HD6870, I salvaged the same IC from my older working Radeon HD4850. This was still a good card in working condition that I wanted to sell, thats why I initially didn't consider taking the IC from it, and never mentioned it in my previous posts (it was my only working video card, and was in my main desktop while I was researching these chips, and posting on forums for a solution). But curiosity got the better of me, and I wanted to know if my HD6870 was even repairable at all, so I made the swap. Damn thing is so tiny! Even with a hot-air rework station, tiny soldering iron tip, tweezers, and a magnifier it was very difficult. But I got the chip swapped over, and it did fix my HD6870, but left my HD4850 missing the IC.
After removing the tiny 5-pin package from the HD4850, I saw that it too had an unpopulated tiny 0201 resistor footprint (R104) under it and within the SOT353 package footprint. I probed out the R104 pads, and saw that it is indeed connected across pins 2 and 4 (input and output) of the SOT353 footprint, so it does essentially bypass that chip. I put a tiny blob of solder across the R104 pads, as I postulated in my previous post. And it works!
So that chip must be a non-inverting buffer as @amyk suggested, most likely the MC74VHC1G125-DF or a jellybean part very similar to that. And bridging the R104 footprint pads just eliminates that chip from the circuit so it isn't needed.
My old HD6870 and HD4850 are both still working today, though I do have a newer card in my main desktop system.