IBM Develops New Memory Technology Called Racetrack

All the latest buzz is about SSDs in terms of new and faster storage solutions compared to the still dominant HDDs. While magnetic hard disk drives offer fairly large capacities at very reasonable prices, they are mechanical devices and subject to slow access times and possible failure. Solid state drives are already quite a bit faster, but this speed comes bundled with a hefty price tag. Especially, if you are interested in an SLC SSD.

IBM seems to have an interesting new technology, based on recently discovered spintronic phenomena, in the works that could change all that:

"One of these is a means of using spin currents to directly manipulate the magnetic state of nano-scale magnetic regions