IBM PCM. Are SSD becoming history?

IBM recently anounced that they have successfully developed the multi-bit chips by doubling the density of a chip and reducing errors when reading data.
The chips can store data 100x faster than existing NAND flash technology (what for SSD is about 250Mb/s). They also have high storage capacities and the power to retain data even when the power supply is cut off.
Unlike flash, these chips are very durable. They can endure at least 10 million write cycles, compared to current 30'000 up to 50'000 for SSD.
IBM plans to license the technology and expects the chips to be widely available by 2016.

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