Well, sort of.
You still need RAM, a little of it, 10:1 ratio with Diablo:RAM, but you can get up to 4tb or Flash dimms.
It's moslty useful for servers right now. Eventually, it will trickle down to personal computers, like helium hard drives.
Full text (http://www.zdnet.com/article/diablos-flash-dimms-attack-dram/)