
This project takes that idea a step further by utilizing the Sony PS3's processing abilities and its network capabilities. So, if you install the Folding@Home application on your PS3...it will analyze bits of data while you aren't playing games, but have left the PS3 on.
Folding@Home on the PS3
Folding@Home info on Wikipedia
Folding@Home for the PS3 will be available for download on March 23.