This project has been blogged here almost a month ago. Now they are closer to their deadline ($105,345 needed). Recently they've provided many interesting updates on the project (I wish they've done that sooner).
As a backer I'm excited about the potential applications it could support. As John pointed out in his original post, not only this could be used for future autopilots, but also for vision based navigation systems.
more information from their kickstarter page,
some excerpts from their page,
The following list shows the major components planned for the Parallella computer: