[bitcracker]

One interesting application could be realtime 3D rendering because this is an area with small overhead. I know that the chip does not support floating point but that could be simulated by fixed point integers.

I agree with Shamanmuni that the great advantage of Parallela chip over GPUs is open source (full documentation). It's a practical study tool for real parallel programming tasks that many students can afford.

[wladimir]

It supports floating point. Just not double precision floating point. That's good enough for 3D rendering.