I hadn't considered it, but due to my house's layout it would end up sitting in the dining room, so there may be some resistance from the wife.... Additionally, I'm trying to go low power, and my only other pc doesn't qualify(power hungry P4). I do have a laptop that I may do that to as a stopgap, but it isn't ideal long term.
Also, thanks everyone for the ideas, I think I might look into the long cable run, but I'll still be on the lookout for good thin client deals and if anyone is interested, I would still be willing to go in on a group buy.
-Mike