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Also, I'd like to throw in a vote for the iPhone Mobile App Store as a great idea. Everyone is copying it and it will be around for a long time to come.
Basically, it's like saying a bookstore is being innovative by deciding to sell cookbooks on top of their other offerings. The App Store is no different from the music and video stores, it just happens to sell apps. So in terms of IDEA innovation, there isn't any whatsoever. It may be a great VEHICLE for Apple's offerings, but it's not a great NEW idea.
I must admit I hadn't heard of memristors until now, so I just Wikipediaed it. Very geeky-technical, but also very neat. And even though, not unlike buckypaper, in and of itself a memristor isn't really a "product," it could yield some truly world-changing ones.
Good call.