Unless they improve some aspects of flash memory, hard drives will still be better for most applications in real computers.
Flash memory can usually only be read/written a certain number of times. While sure, this number is high, if you install Windows (with it's virtual memory on), or a Linux/etc. swap file/partition, expect that portion of the flash drive to not survive all that long.
This has been a minor problem for Zaurus users killing their SD cards if they setup too large a swap file too much. Using a swap file all the time on a Zaurus (which in general uses it often), has killed a SD card in around 6 months.
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