A little company called Briel Computers makes a Propeller microcontroller based serial terminal call PockeTerm.
This is a tiny thing that draws almost no power, provides full VT100 emulation, and uses a standard VGA monitor and PS/2 keyboard for I/O. It connects via standard DB9 serial (DTE or DCE).
Mine came in the mail as a kit tonight. I inventoried all the parts and will likely solder it all up tomorrow. Pictures tomorrow.
This is the beginning of the N8VEM project!