i like it, but practically it could be difficult. If you could seal a case, and protect the cdrom and hdd's, that would be cool, but how well does oil conduct heat?
WOW! Thats amazing. I never knew you could do that! GENIUS!
Oil can't condunct electricity? O_O Wow.. How come you have case fans in the rubbermaid?? If you put the PSU in is there a chance of electrocution? Why can't you just strip the components of all their fans? Does it matter? does the oil computer make noise?
EDIT: Just occured to me. That is vegetable oil, ergo its organic. Would using some other type of oil be better?? Did you mix in disinfectant so the oil doesn't rot?