Quantum computation with prethreshold superconducting qubits:   Single-excitation subspace approach
  We describe an alternative approach to quantum computation that is ideally suited for today's sub-threshold-fidelity qubits, and which can be applied to a family of hardware models that includes superconducting qubits with tunable coupling. In this approach, the computation on an n-qubit processor is carried out in the n-dimensional single-excitation subspace (SES) of the full 2^n-dimensional Hilbert space. Because any real Hamiltonian can be directly generated in the SES [E. J. Pritchett et al., arXiv:1008.0701], high-dimensional unitary operations can be carried out in a single step, bypassing the need to decompose into single- and two-qubit gates. Although technically nonscalable and unsuitable for applications (including Shor's) requiring enormous Hilbert spaces, this approach would make practical a first-generation quantum computer capable of achieving significant quantum speedup. 
Andrei Galiautdinov and Michael R. Geller
quant-ph