Have you worked with it before, Chalenge? In the late 90's I used the Kryotech Renegade room temperature phase-change cases for servers and workstations that had to operate in uncooled spaces where the ambient would at times reach 125' F - and they worked well. But when Kryotech discontinued the room-temperature products, I was forced to switch to -20C units (I used the VapoChill units).
For an overclocker who wanted to piddle and get the most out of the system for a few minutes to a few hours at a time - they could possibly work (reasonably) well I suppose. But for a full time cooling solution, they are just miserable to work with, because you have to seal everything (thermally as well as hermetically) to make sure that you get none, zero, nada condensation anywhere - tough to be sure of at +90 degree and 100% humidity ambient.
Bottom line is I never got it to work satisfactorily - I eventually refused to place any new equipment that would not be able to be operate in a climate controlled zone.
But I can't imagine that trying to implement such a solution on two Fermi's is going to be any easier. And all it takes is ONE drop of condensation to destroy a PCB - and hose your system.
<S>