Seems there is some interest in this chip, and the board. As you said Henry, state machines would run very quickly in parallel - I had some wad arguing that an FPGA is the only thing you need, but nothing beats a hard core for hard tasks. Grid it up in parallel, times sixteen, and thats a fair bit of processing power.
I have already sent a few people emails concerning this, independently of the list, to garner their opinions. Out of four people, only one has replied, I suppose, Australia is on the other side of the world to most of you guys, time zones and all. But I'm going to make an open call - if a GSoC mentor in parallelism could be found, willing to advise the project, could this be a GSoC project?
I suppose I should tender the idea on the wiki, but I'd rather not. Never played with wiki's, nor had the interest to try. Too busy designing robots. Tried a TAFENSW Moodle once, that was bad enough.