Very very very very very very INTERESTING, to say the least. It is funny because there is all this talk about next gen processors and video cards, mobos and such, but this is actual next generation THINKING. Everything sounds pretty good, but I have to ask you...does it work?! Those of you familiar with Sean Connery on SNL should understand that one, or should hopefully understand it now.
I think that it is a very good idea, and although there are several complications, mainly timings and versatility issues I think it is a step in the right direction. Depending on how successful it is and how many program designers adopt the architecture such a design could be emulated by both AMD and Intel in the future. Not to mention that chips could be made much smaller, with lower clock frequencies and run extremely cool.
We actually have the technology to design about 50 GHz chips, perhaps even faster, it's just at that speed a chip generates as much heat proportionally as a nuclear reactor. If we are not able to get around these issues perhaps we can emulate a 50 GHz chip using THIS technology.
CRAZY...so crazy it just might work...only time will tell.