It is a near real time (a second or two of lag) power monitor. The electric company installed it for free for signing up for a 2 year contract, and since I am planning to stay with them anyway.
Here is with the dryer on:
(IMG:
http://i44.tinypic.com/20hne36.jpg)
Here is with it off:
(IMG:
http://i40.tinypic.com/o53hg1.jpg)
It has a bunch of screens that display different data, including daily/weekly/monthly cost estimates.
And the remaining incandescants in the house have to go!