It was quite a long time ago I first heard LegionLabs talking about the one-bit processor he was designing. It was one of those ideas that was either deep, or crazy. Turns out it was deep. It took my little brain a while to catch on, but eventually I was able to help out a bit. We finally put together a write up on the Foulab site.
The write up doesn't permit posting of comments, so go ahead and post em here. Note the challenge - if you manage to write some code for this thing, we'd love to hear about it.