Found a nice solution to the crazy external monitor problem in Fedora 15:
Download the latest release of ARandR from here: 
Extract to some directory and navigate to that directory:
cd /arandr-0.1.5/
Run arandr.
./arandr
All external display problems SOLVED! Woohoo. Thank you, Christian Amsuess. You simply rock. I saw they are trying to get this nifty program reviewed to include it in the Fedora yum repository

For such a wonderful program that replaces the crap they have in gnome 3, the brutal review process seems somewhat counterproductive.
The Extended monitor display works. However, if I assign the external monitor as the primary display, it doesn't work. It gives me a blank backlit screen. WHYYYY?
I really need one of these counters now.

The number matches. I have the exact expression too.
In addition, I feel like I could outshout the incredible hulk anytime after /var/log/messages records an exception that could have well read, "You wouldn't like me when I'm
angry normal".
Last few lines from /var/log/Xorg.0.log
[ 2244.948] (II) intel(0): EDID vendor "HWP", prod id 9896
[ 2244.948] (II) intel(0): Using hsync ranges from config file
[ 2244.948] (II) intel(0): Using vrefresh ranges from config file
[ 2244.948] (II) intel(0): Printing DDC gathered Modelines:
[ 2244.948] (II) intel(0): Modeline "1680x1050"x0.0 146.25 1680 1784 1960 2240 1050 1053 1059 1089 -hsync +vsync (65.3 kHz)
[ 2244.948] (II) intel(0): Modeline "800x600"x0.0 40.00 800 840 968 1056 600 601 605 628 +hsync +vsync (37.9 kHz)
[ 2244.948] (II) intel(0): Modeline "640x480"x0.0 31.50 640 656 720 840 480 481 484 500 -hsync -vsync (37.5 kHz)
[ 2244.948] (II) intel(0): Modeline "640x480"x0.0 25.18 640 656 752 800 480 490 492 525 -hsync -vsync (31.5 kHz)
[ 2244.948] (II) intel(0): Modeline "720x400"x0.0 28.32 720 738 846 900 400 412 414 449 -hsync +vsync (31.5 kHz)
[ 2244.948] (II) intel(0): Modeline "1280x1024"x0.0 135.00 1280 1296 1440 1688 1024 1025 1028 1066 +hsync +vsync (80.0 kHz)
[ 2244.948] (II) intel(0): Modeline "1024x768"x0.0 78.75 1024 1040 1136 1312 768 769 772 800 +hsync +vsync (60.0 kHz)
[ 2244.948] (II) intel(0): Modeline "1024x768"x0.0 65.00 1024 1048 1184 1344 768 771 777 806 -hsync -vsync (48.4 kHz)
[ 2244.948] (II) intel(0): Modeline "832x624"x0.0 57.28 832 864 928 1152 624 625 628 667 -hsync -vsync (49.7 kHz)
[ 2244.948] (II) intel(0): Modeline "800x600"x0.0 49.50 800 816 896 1056 600 601 604 625 +hsync +vsync (46.9 kHz)
[ 2244.948] (II) intel(0): Modeline "1152x864"x0.0 108.00 1152 1216 1344 1600 864 865 868 900 +hsync +vsync (67.5 kHz)
[ 2244.948] (II) intel(0): Modeline "1152x720"x60.0 67.32 1152 1208 1328 1504 720 721 724 746 -hsync +vsync (44.8 kHz)
[ 2244.948] (II) intel(0): Modeline "1280x960"x0.0 108.00 1280 1376 1488 1800 960 961 964 1000 +hsync +vsync (60.0 kHz)
[ 2244.948] (II) intel(0): Modeline "1440x900"x0.0 106.50 1440 1520 1672 1904 900 903 909 934 -hsync +vsync (55.9 kHz)
[ 2244.948] (II) intel(0): Modeline "1600x1000"x60.0 133.14 1600 1704 1872 2144 1000 1001 1004 1035 -hsync +vsync (62.1 kHz)
[ 2261.254] (II) intel(0): EDID vendor "SEC", prod id 21825
[ 2261.254] (II) intel(0): Printing DDC gathered Modelines:
[ 2261.254] (II) intel(0): Modeline "1366x768"x0.0 72.33 1366 1414 1446 1526 768 770 775 790 -hsync -vsync (47.4 kHz)
[ 2262.258] (II) intel(0): EDID vendor "SEC", prod id 21825
[ 2262.258] (II) intel(0): Printing DDC gathered Modelines:
[ 2262.258] (II) intel(0): Modeline "1366x768"x0.0 72.33 1366 1414 1446 1526 768 770 775 790 -hsync -vsync (47.4 kHz)
[ 2262.353] (II) intel(0): EDID vendor "SEC", prod id 21825
[ 2262.353] (II) intel(0): Printing DDC gathered Modelines:
[ 2262.353] (II) intel(0): Modeline "1366x768"x0.0 72.33 1366 1414 1446 1526 768 770 775 790 -hsync -vsync (47.4 kHz)
[ 2262.467] (II) intel(0): Allocated new frame buffer 1728x1050 stride 7168, tiled
[ 2293.167] (II) intel(0): EDID vendor "SEC", prod id 21825
[ 2293.167] (II) intel(0): Printing DDC gathered Modelines:
[ 2293.167] (II) intel(0): Modeline "1366x768"x0.0 72.33 1366 1414 1446 1526 768 770 775 790 -hsync -vsync (47.4 kHz)
[ 2293.280] (II) intel(0): Allocated new frame buffer 3072x1050 stride 12288, tiled