1. A first configurable integrated circuit (IC) that has a first configurable IC design, the first configurable IC for implementing a second IC design that is specified for a second IC that is to operate a particular design rate, the first configurable IC comprising: a) a plurality of configurable logic circuits, each configurable logic circuit for configurably performing a set of functions; b) a plurality of configurable interconnect circuits for configurably coupling the logic circuits; and c) wherein at least a plurality of the configurable circuits are for reconfiguring faster than the particular design rate.