I was browsing the internet and came across this product called REDFLY. It is a portable smartphone terminal. REDFLY connects to a smartphone using a bluetooth connection or USB cable and provides a large keyboard and monitor. There is no CPU or operating system on the terminal. It simply provides a more functional workspace to harness the computing power of the modern smartphone.
Unfortunately, at this point REDFLY is only compatible with Windows Mobile based smartphones. But I am envisioning the day that Seton Hall is distributing $199 terminals to students to use with their smartphones.