It all depends on your interests: if data storage is your thing, the answer is RAID; if you like compilers and microprocessor architecture, you're probably looking for RISC. If, on the other hand, you're taken by what the future might hold for parallel computing, the correct acronym is RAMP; Research Accelerator for Multiple Processors. If you want to continue to be impressed, look over the short version of D. Patterson's biography; he also has a slightly longer version, illustrating that impressiveness can scale linearly.
I had the great pleasure to attend Patterson's talk at PARC a week ago on the view from Berkeley. I strongly encourage you to watch the video linked from the above page or look over the accompanying slides; in them the audience is treated to the old and new conventional wisdoms on processor design, an explanation of the sudden π-turn the industry has made regarding parallelism, and visions of a future with 1000's of processors (or cores, as some call them) on a single chip; this scenario (termed "many-core" by Patterson) is a far cry from the so-called "multi-core" chips emerging on the market right now.
This is good news for the computational science community; for one thing, it means that we're not going to run into the "brick wall" of power consumption, memory accessibility, and instruction-level parallelism, so scientific applications will continue their exponential march toward ever-greater computational power. For another, it means there's plenty of work to be done in adapting the fundamental algorithms behind the computational work that goes on these days.
And what does it mean for the general, non-scientific computer-using population? At first, it may seem that computers are fast enough, hard drives large enough, etc., for most of what anyone could ever need. However, all it takes is some ingenuity to put all that power to good use; another great example of this sort of imagination was already discussed. If you've ever edited photos, audio, or video, or waited an hour to extract the music from a CD, you've wanted the power that many-core processors may be able to deliver. When asked "How fast is fast enough?", L. Ellison said "In the blink of an eye." We clearly have a long way to go before the current generation of applications meet that standard; hopefully, many-core technology will carry us a long way along that road.