The guys over at BeagleBoard created an integrated chipset including CPU and graphics processing for as little as $149. With this small thingie you could do gorgeous stuff while using very little room. It'd be perfect for a Car-PC, for example. And for only $23 you even get a transparent housing for that little fella. And there's effort to port and maintain ffmpeg for this platform, making it quite multi-media-enabled.
This is probably as cool as Bug Labs wants to be. At least hardware-wise... a raw chipset is not quite as cool as a BUG, is it?