[Dave Clausen] from NYC Resistor sent in his open source RGB LED cylinder. We have seen many cubes in the past (even one that display low-res 3D video) so a cylinder is certainly a new concept and the RGB LEDs are a nice upgrade. The LEDs are wired in a 5-way multiplexed grid using four TLC5940NTs (16 channel LED drivers with internal PWM hardware) so each light is individually addressable. The best thing about this project, of course, is that he has source and EAGLE schematics availbale for download and both are licensed under Creative Commons.
[via NYC Resistor]