Storage is an exciting project to replace the traditional filesystem with a new document store, database-based. It is part of a larger design for a
new desktop environment, more details on that to come in the future by GNOME's Seth Nickell. The current implementation, built under Gnome for now, offers natural language access, network transparency, and a number of other
features. Some additional info is
here.
Update: Seth
is replying at Slashdot about Storage.