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Nothing much happened. It's in with Life with Play Station now and still goes on after the set time, but now I can't quit it unless I force it to (I.e. hold the PS button and close the application. If I only press it once, there is no XMB to choose quit from.)

I guess this Folding@Home project has chances of having tangible results in the nest 10 years. But in any case, the knowledge will be there from all that analyzing protein folding stuff.
Still better than SETI@Hone I would say.