I'm curious, what kinds of application ideas exist that are possible on quantum computers that aren't on regular computers?
Theoretically none. Quantum computers are universal Turing machines. The main advantage of quantum computers is speedup. 5 years ago (when I took a couple of courses in QC) there were basically 2 quantum algorithms -- Shor's factorization and Grover's search. The former speeds up integer factorization (and discrete logarithm) and brings it to polynomial time, and the later speeds up search from O(n) to O(sqrt(n)). So…
http://en.wikipedia.org/wiki/Quantum_cryptography
Does this have anything to do with quantum computing?