The wild party that is the debut will take place at FCRC next week in San Diego. It will show off a SPARC T1 core on a Xilinx ML411 FPGA. It will have a single thread and virtualization capability, work with a Microblaze service processor, and has mapped peripherals.
Just to show its crazy side, it will be running a game on it, not Quake Wars, more towards text based games, but it is written in C. Even without 3D graphics, this is quite an achievement or the OpenSPARC guys. µ