I think it's one of those ideas that only works with nostalgia or hoarding impulses to support it.

I think normal virtualization approaches are far more power efficient, at a fleet level, than any kind of cluster of laptop scenarios. You can pile in the cores and amortize the costs of memory controllers etc. over a large set of guests.

It is a funny way to get features of both worlds. One reason to want colo (rather than VMs) is for predictability, but laptops still give you the funny throughput problems, because of thermal throttling instead of competing guests.