Here it is http://www.raspberrypi.org/raspberry-pi-compute-module-new-product/
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I looked at that … the Rasguys has gone that way too… 
An ARM SoC on an SODIMM? What a great idea!
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Processors (of all types, including ARM) have been available in memory-module form factors for a LONG time.
Is it a coincidence that part #400 in the GHI catalog is a G400 device?
I would imagine an OSoD (my nickname for OS on a SoDIMM, probably won’t stick) would be interesting to those that want to do massively parallel processing on a budget.
We’ve seen RasPi clustered for compute already - with lego cases : ).
Antipasto Hardware Blog: How to make a BeagleBoard Elastic R Beowulf Cluster in a Briefcase (10 node BeagleBone in an attache case)
40-Node Raspi Cluster | Hackaday (40 node RasPi)
64 Rasberry Pis Turned Into A Supercomputer | Hackaday (60 node RasPi with Lego)
These would allow for greater density. I could see rackmounted chassis with motherboard with several slots, some sort of switching fabric, storage, power and cooling supporting these.
@ mhectorgato - That is a neat advantage I hadn’t yet considered. I bet we start seeing motherboards popup that can house 5 or 10 modules and can be linked to other motherboards.
I’m still struggling a little with the price. Not that its too high but that its not different enough. Does this form factor really only shave off $5?
Total guess here, but maybe the margins on the compute module are bigger, since the likely customers aren’t the hobbyists and educators…