It actually gets quite a few hits on google and personally I think it is something that a LOT of people would use if it worked well. If like me you've got an iMac and the internals are broken or just too slow (or both in my case) but you are happy with the screen then it makes perfect sense to use it as a screen. You could use it with a Mac Mini or a PC and you would still retain the good looks of the iMac. It would save a lot of LCDs going to the tip. Reality is a full HD screen is perfectly usable today and will be for a long time to come. I think a lot of things get to a certain point where the tech is good enough and improvements are nice but not essential. I think screens reached that point 8 or 10 years ago.
My initial thread that got deleted was asking about hacking the iMac to run as a screen (remove the mac motheroard etc). A lot of people said this was pointless but it's very difficult to get a PC screen with speakers, webcam, USB, microphone etc built in. None of them look as good as the iMac. The only one we found my wife said it was too ugly. People have actually been doing it with the G4, putting the intel NUC into them. So my idea isn't as crazy as some people here seem to think.