I got that photo in an email 4 or 5 years ago and saved it. If I remember right the email said it was from a 1954 copy of Popular Mechanics. Never did check on it, but it looks about right for the time period except for the lack of reel-to-reel tape.

(edit) by golly lookie here - http://www.snopes.com/inboxer/hoaxes/computer.asp

 Ya can't trust anything on the internet anymore.