This is just the first step. Next another awesome team of geeks (or nerds) will improve the storage density even further and produce a practical laser based reading system. Then they will move onto holographic storage in cubes of the material capable of storing all the information ever produced by human kind in a 4 by 4 inch cube. This will of course be perfect for the early quantum computing devices that become self aware as they seek to duplicate themselves and rule the universe.
I for one welcome our new computer overlords...
and yes, there will be cake (best to get there early)
backs out of the room slowly...