HP Labs announced a joint development agreement with Hynix Semiconductor to bring Memristor chips to the market in 2013. HP Labs Senior Fellow Stan Williams, says the Memristor is "an universal memory that over a sufficient amount of time will replace flash, DRAM, magnetic hard disks, and possibly even SRAM." Hp hopes to sell memristor devices that use a tenth of the power and twice the storage of equivalently priced flash media.

And that's not the only threat in the offing for flash memory. Researchers at Rice University said today they have been able to create a new type of non-volatile memory using nanocrystal wires - sounds like an upgrade from Final Fantasy. The nanocrystal wires are just 5 nanometers wide which is 5x smaller than the 27 nanometer NAND flash memory being manufactured today. 5x smaller is 5x denser which means 5x the power - tasty.