There's been talk of using optics on silicon for decades now. Good to see it actually implemented and perhaps becoming feasible. IBM are certainly not the only company interested in this technology, for example Intel are pursuing this tech too.
Grimrob,
Intel has already produced a light based, high bandwidth, connection between devices/components. Nano scale lasers are already in the die with Intel's Light Peak, based on the Photonics Link they developed a while ago.
When they reach the interconnect level, they will be a boom in technology advancement for sure. Moving data from semi-conductor networks, a CPU lets's say, elsewhere needs to operate faster, and these light based connections are the most likely to happen compared to other solutions.
I see I have been following this closely.
Cabe