I can imagine X terminals, both fixed and mobile ones becoming much more popular, be it in companies or even at home.
Right now you can have a Sun Niagara server, 8 cores and 32 thread on one chip, enough power for dozens workers in cubicle doing their browsing and office things. (my university has old application servers with 4 or 8 discrete Ultrasparc CPUs instead..)
one+ year from now we'll begin to see 4 powerful cores and 4 gigs of RAM on consumer machines. I can imagine such a gaming PC with GPU under windoze vista, running at the same time a virtualized linux/BSD/solaris serving desktop environment and apps to cheap X terminals or outdated PC for the browsing, mail, audio, SDTV streaming, gaming (some that is light on graphics resources) etc.
i.e., more centralized computing.