Yes and no. RDP does most of the processing on the server, but still uses a local processor on the workstation for rendering graphics, communicating with the server, and so on.

This looks like a custom protocol for VMWare systems (see also http://www.samsung.com/us/consumer/learningresources/mobilec...); it's too early to tell if it will see wide adoption or not. A clear downside is the extra horsepower that will be needed on the server; the upside is that you won't have to mess about with PxE booting or the like.

It's definitely the right time for this stuff, though. We've been working on a project in this space, too; we just demoed something (sorta kinda) similar to our largest client a week ago, to see if they'd like to be our pre-alpha tester. Still waiting to hear back. If we can get traction, we'll be able to have a pretty big impact in IT for SMEs.

Looks like we'd better hurry. :-)