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Is that anything like the Nights Watch?

Just read a very good article over at SemiAccurate that provides many details on Intel's Knight's Corner. In simple terms, Knights Corner, also known as the Intel Many Integrated Core (MIC) architecture is Intel's answer to NVidia and AMD/ATI GPU solutions for HPC. Pay attention to the software and MPI discussion at the end of the article. To add a some green perspective, you may also be interested in reading this blog post from NVidia.