Coryphaeus:
I think you called it. See:
http://www.thermaltake.com/products/dcfan/a1357.htm
Norm
My new home built PC has six case fans. Each fan has a small device connected to the power cord. It looks like a small capacitor, but I'm wondering if it may be a varistor for sensing temperature to increase/decrease fan speed. I've searched several sites selling fans but I can't find any reference.
Any help or links?

Chowhound
Comic Vine
GameFAQs
GameSpot
Giant Bomb
TechRepublic