At a VIA event we are at, I got a picture of the first dual processor mini ITX board featuring C7 processors.  Take a look at this:

VIA Dual C7 Processor Mini ITX Picture - Processors 2

Edit: Just back from lunch, so here are some more details for you.  The picture above shows the two C7 processors, and they are the two small chips underneath the ATX power connector.  The two larger chips are the north and south bridge chipsets.  This has a lot of implications for SFF computing, as well as for the server space, as VIA is saying that two of these boards can fit in a 1U rack mount case.  Did I mention that the entire board can be passively cooled?