By the time I left for work, he was playing Rescue Heroes with his brother. :)
Thank you, everyone, for the words of encouragement and the constructive criticisms. I agree that just mindlessly praising anything a kid does can be bad, and I immediately thought of many of the criticisms raised here when my son made told me his idea. However, I wanted to present his idea without any editing or adornment on my part, because then it wouldn't be his idea any longer.
I will definitely save this discussion and go over it with my son again later when he's better able to grasp the arguments. I find that, when introducing a new idea, it doesn't seem to totally "take" at first. However, a few days later, it somehow has been fully absorbed and he's able to generalize and make appropriate inferences from the idea.
Thanks again!
People he will never meet will forever refer to that number as Quadrupillion. He's already changing the world in odd, creative ways.
See? http://quadrupillion.com
Keep up the good work!