[1] http://en.wikipedia.org/wiki/Brain_pacemaker
[2] http://medicalcenter.osu.edu/mediaroom/releases/Pages/Ohio-S...
(Spoiler: The patients, unfortunately, developed a tolerance for the treatment within a few months.)
The interesting part is that no one knows why it works as well as it has.
tDCS, and TMS, on the other hand, have barely measurable effects or widely variable effects, and no one has really figured out how to make them practical. Useful for all sorts of psych papers and hypothesis generation, though.
The group that's probably the furthest along is the Toronto group - they tend to be pretty liberal about where to implant electrodes, and are always looking for new indications to implant stimulators (i.e. generate new IP, etc). They were initially looking to stick the thing into the hypothalamus to control weight gain, since everyone in north america is overweight and there's a huge market.
Well, turns out when they turn the thing on, the guy suddenly remembers every sexual encounter he's had since puberty in vivid detail.
Hence the pivot to Alzheimer's, with at least 2 pilot studies done w/ ~40 subjects using the currently available Medtronic Inc devices, and a new biotech startup.
The effects so far are modest - essentially the subjects deteriorated but more slowly than expected. No one suddenly started remembering things like they could when they were younger...