So they reached their funding goal, eh?
I'm still not clear on the advantages over GPGPU computing that this represents, but the 45GHz description is very misleading.
By this way of adding all the cores together, a Freescale P5040 is an 8.8 to 10 GHz processor. Total BS.
I think thats engineering speed - the possible speed of the chip itself. In the first vid he doesn't really mention it, but Adapteva is a chip manufacturer who claims that their parallel chip is honestly scalar, while the chips made by the AMDs and Intels and Nvidias are only "pseudo" parallel. Or so that is what I can gather from the kickstarter page at least.