Hm... interesting. The first thing would be to figure out a program that could capture your CPU usage as a number and send it out (I have no idea there). Serial would be MUCH easier than USB, I can tell you that from experience.

(on the receiving end, at least)
You'd need an RS232 level converter (something like a MAX232 chip) and some logic to decode and latch the sent data. A small microcontroller (one of the TINY series would do fine - just DIP chips that you could put on a breadboard) would be the easiest/fewest component count. It would just need to take the serial messages, decode them, and output them to the display.
BTW, you'd likely need two LED displays (unless you never go over 9% CPU useage!

)
Oh, and you'd still need a power source.
