1960's technology could help increase memory capacity while decreasing the size of tomorrow's gadgets!

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Craving more memory for your PC, mobile phone or mp3 player? 

Scientists at Rice are hoping to manipulate nanotechnology first discovered in the 1960's to pack more memory into our computers and other devices without requiring more space.  Fast Company's Kit Eaton, suggests that earpiece-sized cellphones or wristwatch supercomputers could be on the horizon with the prospect of shrinking memory combined with already shrinking microprocessors!  What kinds of gadgets can you imagine being developed using this technology?