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From the video:

"So, I mean, we're all of a sudden talking petabits of memory in a square centimeter device. What can you do with that? Interesting to think about."

I watched the whole 47 minutes of that talk on youtube, and it is actually really good. I have no qualifications in this field, but the talk is full of challenging ideas. You can skip reading the article.

The no more hard drive and persistent ram thing should be really interesting. Completely change how we do things.

Also, application specific processing... writing instruction sets for each application will be really interesting. Cell processing et al will be a thing of the past.

All of those years spent trying to educate my family and non-technical friends on the difference between RAM and HDD and explaining how it is confusing when they tell me they couldn't install a program because their laptop was "out of memory".... wasted!