The interesting part about this whole thing is that nobody really knows what Agnilux was working on, since it was a so-called stealth start-up. The New York Times tried to find out what Agnilux was working on earlier this year, and they came away with very little. "Some kind of server" - that's as far as they got.
"We want to make a splash," Mark Hayter, the chief operating officer at Agnilux, told The New York Times, "We don't want our manufacturer to take our intellectual property before we're ready." In other words, we have no clue as to what these guys are building.
As for who's on file working there, it's not a bad list. We've got some of the PA Semi brains, as well as a number of people from Cisco. Then there's Scott Redman, the director of application software, who used to work at TiVo as a software architect. Google could very well plan to move into the hardware business, or it's just a simple case of the people being valuable.
We'll have to wait and see.