Maxpowerz's 3 points are succinct and spot-on, with #2 the reason it attracted the attention of Dadi and Co. to begin with. The 2013 research paper is: High-Performance and Low-Power Rewritable SiO x 1 kbit One Diode-One Resistor Crossbar Memory Array (Advanced Materials Volume25, Issue34)
Slide #20 in the linked presentation is the foundation for WBT to be successful, and it has only got firmer since it was at 6.2 cents.
Running discussion on SP, page-2291
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