KELT: The Kilodegree Extremely Little Telescope
  Transits of bright stars offer a unique opportunity to study detailed properties of extrasolar planets that cannot be determined through radial-velocity observations. We propose a technique to find such systems using all-sky small-aperture transit surveys. The optimal telescope design for finding transits of bright stars is a 5 cm ``telescope'' with a 4k x 4k camera. We are currently building such a system and expect to detect ~10 bright star transits after one year of operation. 
Joshua Pepper, Andrew Gould, D. L. DePoy