I don't really have any comment on the project itself (not something I would ever use and I don't know the value of what they're proposing). But on purely geek terms this thing seems to warrant a "holy shit": http://www.adapteva.com/products/silicon-devices/e64g401/ Again I don't know how (un)common that sort of thing is but I wasn't expecting to see 64 cores in that tiny form factor. Does anyone here know how cuttin…
Tilera did a very similar looking 64 cores on a chip in 2007, which is the oldest instance I know of off the top of my head. Their devices cost(or at least they used to) a few grand though. Tilera has bumped it up to around 100 per chip these days. I don't know anything about either architecture so it is hard to say if 64 1Ghz adapteva cores compares with 64 1.5Ghz Tilera cores.
So not quite cutting edge just an under explored side channel.