Could this device manufacture food?
Could it produce ethanol and hydrocarbons?
A general manufacturing device could theoretically produce ... well to my knowledge pretty much anything. It's basically a system that constructs macroscale objects from the atoms up. And of course, nanocomputers are a self-accelerating technology (think about it... better computers help scientist produce useful results and perform simulations/experiments more quickly, to produce better nanocomputers, which is why I'm inclined to think Moore's Law will be totally be blown out of the water with the first paradigm of circuit construction using nanotech).
The difference from an early nanocomputer and a mature stage of nanomachinery is probably going to be quite a short time period. You might also want to check out Eric Drexler's
presentation info. from the Singularity Summit at Stanford last May.
Obviously, in this capacity, artificial intelligence systems such as
neural networks will develop some really immense abilities, whether harnessed for general intelligence or not (at some point though, it's inevitable that our exploding computer power will be harnessed for
direct general intelligent processesing at some point (i.e. Singularity)).
Exactly how direct general intelligent processesing merges with the accelerating computing industry is basically the most important issue humanity has ever faced, and it is quite obvious that virtually everyone is totally unaware/unprepared and in grave danger.