Programmable Chip for mechanics

[Sundance]

I remember someone making a programmable clock with the current set up. It was like minecraft, in that it took up a huge amount of space. It took up the chapel as far as I remember.
Would this system take all of this, and condense it into one small item? If so that would be rad. I love the logic-gate based systems mechanics make, even though I have absolutely no idea how to make them myself.