It's a well known fact that 4870's have pretty warm idle and load temps, and I was tired of having the gpu's fan blowing hard all the time, so I decided to replace the stock TIM with some arctic silver ceramique. First let me say I have the sapphire 512mb version of the card with the exhaust shroud cooling setup. Taking the shroud off was as simple as taking out about 10 screws and overall felt very simple. I cleaned the gpu with q-tips and rubbing alcohol, took awhile since the stock TIM was put on too thickly. Something I observed while doing this, the copper block that touches the gpu should really be lapped. It was noticeably rough and had a considerable amount of small scratches in it. I didn't want to spend the extra bit of time doing that so I put my ceramique TIM on and put it all back together. Idle temps seem to be about 5c lower than before (hanging around 55C) and load temps seem to be about 4-5c lower as well. I'll update after further load testing has been done.
Moral of the story: change your TIM!
Moral of the story: change your TIM!