Yes, it's clearly activated.
What's happened is it's taken the embedded Product Key in BIOS and added a Digital License in MS Activation servers so it should auto-reactivate if you ever reinstall or change out hardware up to the motherboard which will lose the license if replaced.
This makes it doubly sure you're covered. You can even read the embedded Product Key by installing and running ProduKey and lookng for OEM-BIOS key, although you shouldn't need it with the DL. http://www.nirsoft.net/utils/produkey-x64.zip
To find out what's running mgadiag I'd go over this checklist to make sure the install is set up correctly, optimized for best performance, and any needed repairs get done: http://answers.microsoft.com/en-us/windows/wiki...
Start with Step 4 to turn off Startup freeloaders which can conflict and cause issues, then Step 7 to check for infection the most through way, then step 10 to check for damaged System Files. Then continue with the other steps.
I hope this helps. Feel free to ask back any questions and let us know how it goes. I will keep working with you until it's resolved.