A small step but the idea is intriguing to say the least. Spintronics: A New Way To Store Digital Data
For normal data sets, decoherence will always be a problem (the spins slowly but surely randomizing.) Or at least I haven't see a good way around that. So what they do then is say "we can use the spins as for quantum computing!" and that sounds really exciting, but you have to figure out what quantum computer would actually be good for. So far as I've read, it's only really useful for simulating quantum systems. So... not so much "store and analyze this data please" but "um, hey, let's simulate a quantum oscillator in two dimensions! who's with me!" I've heard you can use it for certain types of cryptography, but I haven't heard many other uses. The work is cool though. Reading and writing without adding additional decoherence will be an interesting trick.
Speaking of futuristic technological advances, i picked up a good book the other day: Physics of the Impossible: A Scientific Exploration into the World of Phasers, Force Fields, Teleportation, and Time Travel by Michio Kaku he's the guy who came up with the String theory and does a great job classifying upcoming futuristic technological advances in regard to how realistic their application is in the next 10-50 yrs, 100-500 yrs, and further. Cool stuff in there for anyone interested in the advancements we're making and what their possible applications may be in the future as well as currently.
Michio Kaku is totally awesome. Him and Carl Sagan are the two in the science field that I totally enjoy listening to.
You may want to watch this. <object width="640" height="385"><param name="movie" value="http://www.youtube.com/v/219YybX66MY?fs=1&hl=en_US"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/219YybX66MY?fs=1&hl=en_US" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="640" height="385"></embed></object>
yes, I'm sorry if I wasn't clear. I am talking a bit outside the specific article, talking about the context of what you can do with spin data. It just doesn't make much sense, physically, to store data in a naturally metastable (or worse, typically unstable) physical system. Or it will be really, really expensive to store things this way, at any rate.