I have a burning question with regards to memristors: I've read that memristor technology can be used both for memory and for processing; does that imply both?

I have a burning question with regards to memristors: I've read that memristor technology can be used both for memory and for processing; does that imply both? If there is just one fabrication process that builds a "memristor chip", and fpga-like systems can be built where memory can be converted into processing power, and back into memory freely, then this is by far the most revolutionary technology advance I've witnessed in my life. If not, it's still neat for many reasons - but I haven't ever seen clarification on this. Even if it's not being done in this batch or with this fab process, would it be possible/not stupid hard to do, after some investment?