First of all, while this might fly for consumers, business users don't want a computer on their desk that looks like it landed at Roswell. This is only an outward design and can be changed, but your artist's rendering will not sell in the enterprise.
Secondly, we have seen attempts at modularity in the past, and none of them really took off. With components getting more powerful and cheaper, I would expect a more appliance approach in the future. You buy a cheap little box that connects to your peripherals, or, as Donnie suggests, you buy a display that has the basics built in. Why add the cost of a modular system, which may end up costing as much as the computer itself?
I also believe that there will still be more traditional computers, with all of their power and complexity, for those of us who will still need or want them. Sure, there will be many who only want a browser and will live in the cloud, but there will be other applications that still run locally. While the market will change over the next 10 years, there will still be more traditional systems and applications running along side the new.
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