I personally know this group and even had one of the boards in my hands a few weeks ago, when everything was still secret. The concept is technically sound. Once they install the GPU's they expect to reach 7.5 GFLOPS / W this is almost 10 times more efficient than the K-supercomputer which achieves 800 MFlops /W. The top 1 in the green 500 list (pending the November update) is an IBM prototype achieving 2 Gflops/W
Despite denying it publicly, Intel actually fears the ARM revolution. Maybe this is the reason why, the same day that the ARM supercomputer prototype is disclosed in Seattle, in Barcelona we have this other news:
"BARCELONA, November 16, 2011 –Today, Intel Corporation and the Barcelona Supercomputing Center (BSC) have signed a multi-year agreement to create the Intel and BSC Exascale Laboratory in Barcelona. The new lab will be located at the premises of BSC and focus on software and extraordinary levels of parallelism which will be needed to utilize future Intel-architecture based supercomputers. Exascale supercomputers will deliver up to 1,000 times the performance of today’s fastest systems using as many as 100 million processor cores to do so."