[Vince Briel] has created an embedded device based on the Parallax Propeller chip that acts as a serial terminal. It takes input from a standard PS/2 keyboard and outputs color VGA. It also has a second serial port to connect to a PC for debugging or programming. He is selling kits and has the schematics available. The board has a lot of hacking potential and it could easily be made into a video game or a Wikipedia browser.
[via RetroThing]