JoeRobe writes "Researchers at Harvard have developed a pneumatically-controlled rubber robot that combines undulation and quadrupedal 'crawling,' allowing it to maintain a low profile while moving. In a paper published in PNAS (abstract), they describe it as a 'soft robot, composed exclusively of soft materials (elastomeric polymers), which is inspired by animals (e.g., squid, starfish, worms) that do not have hard internal skeletons.' The robot is solely powered by relatively low pressure (10 psi), and controlled by 5 pneumatic actuators. The research was funded by DARPA."
The paper is also available (not paywalled) from the researchers' project site
(PDF), complete with more creepy images of the squidbot.