http://www.youtube.com/watch?v=bKGhvKyjgLY

It seems pretty epic but I don't understand it.
Any circuit/electronic engineers want to explain the implications on real live uses for these things?
Also what do you guys think about it.

One of the biggest benefits is compact, non-volatile memory. Using memristors in place of transistors could enable non-volatile RAM, without the downsides of flash memory. Non-volatile RAM would enable faster complete boots (but would have to be intelligently-regulated, because you still want a lot of the RAM to be dumped on power-off) as it could keep OS components in memory after power-off.

But the ultimate benefit is state count. Transistors have two states: on, and off. All machine-level programming is based around that binary setup. Memristors have more than two states. The implications that has for computing power on the machine level is earth-shattering. It completely defies our conceptions of what's necessary for a powerful computer.

It's the next big thing for computer power for sure. Problem is Operating systems, other hardware, and other software would ahve to be entirely rewritten to accept this new circuit component because the basic machine language will be completely different.
Memristors and DNA-built transistors are the future. CUrrent tech is at 45nm Die-Size...DNA-powered construction techniques have been able to make them as small as 7nm.