I know approximately nothing about this, but the article claims that the physicists claim that it will allow for faster transfer of information to hard drives. I don't know what parts of the computer-using experience that would speed up though.
Until now it has been believed that in order to record one bit of information – by inverting the poles of a magnet – there was a need to apply an external magnetic field. The stronger the applied field, the faster the recording of a magnetic bit of information.
Technically that is not true. A rotation of a magnet applying some nonmagnetic force was always known as possible and an everyday matter. Still, this is a very good news.
A rotating magnet inside an electric generator, for example. It is not a magnetic force which changes the direction of the magnet many times every second.
http://www.physorg.com/news/2012-02-physicists-magnetic-breakthrough.html
Anyone have a strong opinion on this one? thanks :)