I've read through the Radeon Compatibility Guide (and a slew of other posts) and tried a few different combinations of settings. I was finally able to boot into OS X (the desktop) only to crash almost immediately with the following settings:
Radeon HD 7950 Help
- FakeID: 0x679A1002
- Inject ATI: true
- FBName: Hamachi (tried Radeon too)
- FixDisplay: true
Radeon HD 7950 Help