This quote:
The downside of tapes is that they are slower to access than hard discs because they have to be fetched by a robotic mechanism, inserted in a reader and spooled to the right point. But the Linear Tape File System, which is being developed, expedites this process to make it comparable to disc drives, Eleftheriou says.
indicates that the reporter did not understand what he was being told. LTFS offers an abstraction layer so that software can treat a tape drive like a hard drive. That makes programming easier, but it will not have any effect on performance. A file system cannot, after all, magically bestow random access unto a sequential access medium.
So if tape is to make a comeback in storing data for, say, the web (as implied by the article's opening paragraph, then it's still going to have a HDD based system in front of it as a cache. It would be an interesting future where viewing a post that hadn't been accessed in a few years took several minutes as you waited for that old data to be recached from tape.