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nerdyH writes "The Linux-Embedded discussion list has been abuzz the last two days over a flash filesystem designed to support binary code execution (sometimes called XIP, or "execute-in-place"). When combined with forthcoming "Phase Change Memory" products from Intel/ST JV Numonyx, the "Advanced XiP Filesystem" (AXFS) could radically change Linux systems of all kinds, replacing Flash, hard drives, and even DRAM with a single chunk of low-cost, non-volatile memory that can both store files and serve as a platform for program execution."