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flybook.com works but is evil and Flashified. http://www.pocketpcreviews.net/reviews/072004/flybook.htm is a good review of it, instead. I already do that kind of thing with my current laptop, sometimes - when I want to run something that requires some CPU beef I just do it on the living room PC, via ssh or something.
@anonymous - if you want a desktop replacement. If you do CPU-intensive stuff and you want a laptop as your *only* system, a heavy, battery-draining P4 laptop makes sense. I love my Vaio and I'd love my Flybook if I bought one, but I sure wouldn't enjoy the prospect of using either to edit video or play Doom 3...