What the article is describing is basically just HSM (Hierarchical Storage Management), which is a commercially available technology – e.g. Sun/Oracle SAM-QFS on Solaris, IBM Tivoli Storage Manager on AIX, DFSMShsm on z/OS.
Windows NTFS also supports HSM, although the core NTFS itself only provides features necessary to implement HSM (such as FILE_ATTRIBUTE_OFFLINE and reparse points), and you need an add-on to Windows to actually use those features to produce a full HSM solution. (Actually Windows itself used to include such a solution, Remote Storage Service, but Microsoft removed it in Windows Server 2008 onwards; but the underlying functionality is still there in NTFS, and available for third party HSM implementations to exploit.)