Stunningly cool; worth reading in full, including the sidebar discussion. It has math equations, code, sun coronas, clouds, and FPGA design schematics! May I suggest this soundtrack while reading: http://www.makingthenoise.com/music/
Perlin actually improved his original algorithm by creating the Simplex Noise http://en.wikipedia.org/wiki/Simplex_noise which runs much faster. As a matter of interest, Voronoi noise is also quite popular