An article in EETimes suggests that we may see a memristor-based memory prototype in development as soon as 2009. The memristor is claimed by many to be the theorized fourth passive circuit element, linking the fundamental circuit variables of charge and flux. This news may not sound that exciting to most computer geeks, but this new component could usher in a new era of computer memory by forming the basis of RRAM (resistive random-access memory).
Scientists at HP labs have finally confirmed that the memristor behaves as their theories predicted. The reason that the component will work so well for memory is that the process is nonvolatile and the bits themselves will only change after the CPU tells them to. The bits in current DRAM systems slowly fade out and require a refreshment every 50 nanoseconds.