Some people like to claim that old storage technologies go away. But in reality old storage technologies live on along side of new... all that happens is that we end up having more tiers to deal with. Drum magnetic memory has been replace but we still have spinning rust, tape, optical, DRAM, SRAM, SSD...
1) Poking holes in things ( tape, DVD, etc ) 2) Magnets ( core memory, drum memory, tape, disks ) 3) Circuits ( DRAM, NAND, etc )
Examples of all three of these still exist.
What's interesting about XPoint is it is literally a fourth form that has never been commercially available: melting a substance and cooling it quickly or slowly, forming either a crystal or amorphic solid, which then has different properties. We don't know what the substance is, but it's cool that we now have this 4th thing.