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Yes. Look at this:
SideCar Multi-Monitor Laptop Device
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A few points abotu this, I read a bit about it, but I don't see how much onboard memory these things have, but it would have to be a good bit or else it would be very laggy and poor video...
also,
The base model - $1299
edit, the base model has 64megs of ram, pretty much the bare minimum for that setup. Also, I'm not sure how fast the bus speed is on the PCMCIA, but that could cause some slowdown.