Is this a 1954 prediction for the "home computer" of 2004?

The image above is supposed to show a futuristic "home computer" designed by the RAND Corporation in 1954. And it'd be a wonderful artifact of retro-futurism. If it were true.

The image was actually made during a Photoshop contest hosted by Fark back in 2004. And this fake has had a surprisingly long shelf life. Back when I first started the Paleofuture blog in 2007 I used to get sent this image from well-meaning tipsters nearly every week. These days most people know it's a fake, but you'll still see it pop up here and there.