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The motorola Atrix had demos of this concept. There was no ubuntu- it just was moto's skinning of android & a $200 docking station for your phone/keyboard/monitor.

It wasn't particularly successful.

http://forums.theregister.co.uk/post/1322323

This chap is trying his own home rolled version.

I'm just wondering how fiddly the wiring would get when you decide to go desktop on another monitor somewhere.

Only if it comes with a wireless keyboard and mouse...