The Pano Device is like a computer with nothing inside it. You plug your monitor, keyboard and mouse into the back, but it contains no CPU, no memory, and no software; all of that stuff resides on a Pano Manager server, which hosts the OS and virtualizes it to the Pano Device.
So what's inside the thing? Damned if I know, I think if you dropped it and it shattered there'd be little leprechaun bodies all over your floor. But the bottom line is this two-inch tall device is projected to cut business computing costs by 70%; "compared to a PC it consumes 3% of the energy, uses 4% of the material to make it, and is one hundred times smaller."
Designed by ID consultancy Whipsaw, the Pano Device has won a 2010 Green Good Design Award, which is conferred by the Chicago Athenaeum Museum of Architecture and Design and The European Centre for Architecture Art Design and Urban Studies. (Sadly, the Good Design website was not working properly at press time so no direct link is available.)