The program they want to use ranks around 500 elo points lower than the strongest open source program on the same hardware. (source: http://computerchess.org.uk/ccrl/4040/rating_list_all.html)
It is estimated that doubling the speed of the computer adds 50-70 elo points (http://en.wikipedia.org/wiki/Computer_chess cites David Levy's book how computers play chess.)
This means that they will have to achieve anywhere between a 2^7 to a 2^10 speedup over a normal single PC. Once you consider the latency problem described above, it is very unlikely that they can achieve this speed up. To put this problem into context, even on a quad-core a three times speedup is considered pretty good in computer chess.