Oh ... I completely missed that interpretation (maybe I'm too close to these techniques). In any case, it's probably better to think of the system as a giant state machine in which the data are states and the operations are transitions. Its processing and memory co-mingled. You'll notice that it's got a very wide data width (not a new idea) that speeds it up tremendously for parallizeable tasks, but it's actually slowing down the "clock" since the memory itself is still the slowest part.

(I also upvoted you ... you shouldn't get penalized for an honest question)