That's a really neat idea.
I'm a programmer, and I wouldn't mind brainstorming with you if you wanted to try and put together a simple implementation. I'm just thinking that implementing components like resistors, diodes, and what-not sounds like a lot of fun.
Sounds good. I myself am a newbie programmer; just recently started to learn RoR. I'm busy with my startup, but I think it might be worthwhile to kick some ideas around. Drop me an email if you get a chance (my email is in my public profile).
