Well yes, it looks like it will be happening - and no it doesn't involve plugging a bunch of the unfinished and delayed PS3 together. It invovles IBM using the chips that were devloped for the PS3 and putting them in the to-be-best supercomputer in the world. See: [redherring.com]
Krioma.net
[The thoughts of Samuel George]
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A PS3-Based Supercomputer?
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