my $0.02:
this device called a "transputer" is more like a neuron connected to a bunch of other similar devices and represents more closely the architecture of the brain. not sure they'll ever make transputers small enough to connect 100 billion of them with 100 trillion different connections (to put it on par with the human brain), but i kinda doubt it.
http://en.wikipedia.org/wiki/Transputer
anyway, to compare crudely, it's like we have a trillion or so bytes of memory but a slow CPU (about 40 Hz in our prime, about 17 years old) in our head. compared to silicon computers with far less memory and a far faster CPU. so, as a consequence, the silicon computer will likely evalutate heuristic functions that require a lot of computations and relatively less memory, and we just "look it up". it's sort of like the silicon guys use a sort of Taylor or Maclauren series to evaluate \sin(x) while our fleshy computer will just do a table lookup. slow CPUs with lotsa memory will optimally do table lookup over crunching numbers, but fast CPUs with much less memory will crunch the numbers instead of wasting a lot of space on a bunch of huge tables.
so the 17 year olds mind works a lot faster (about 40 simple compare-and-conditional-branch instructions per second in our stream of consciousness, there are a lot more
parallel instructions per second happening a the neural level) but has a smaller database than the middle-aged person with a slower CPU but lots of experience that can still be looked up pretty fast.
about consciousness, it's been speculated (i don't know if it's true or not) that consciousness in higher species was evolved as a consequence of the need (or advantage) of
integrating all of the different stimuli together with all of the different motor control. individuals of a proto-species that would better integrate all of this had a natural advantage regarding Natural Selection than individuals that had only reflexive reactions to stimuli. integrating all of this made for better decisions than
mindlessly doing knee-jerk reactions and those protoplasms that could integrate and see a bigger picture of their existence and environment had a better chance of surviving long enough to do the horizontal bop and sire those who eventually sired people who could dream up microprocessors, space shuttles, and Barbie dolls. this "integration" of all of the various stimuli and motor control might very well be what our consciousness is.
we are already designing computers to do self-modifying code, a crude form of cognition. might be scary someday, perhaps in this century, if one of those AI machines does enough self-modifying code and becomes sentient. it might never happen. i dunno.