With memristors it is not even remotely "far out". First, we can substantially modify the von neumann architecture by dramatically improving the capabilities of reconfigurable FPGA type devices, allowing them to run at the speeds of custom ASICs and reconfigure with a delay of only a few clock ticks. That alone is pretty astounding. Second, memristors could be used directly as logic and memory, making it possible to programatically transform blocks of memory into circuitry and back to memory, which would have implications beyond our current reckoning. And all of this is possible in the near-term within the next few decades.
