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Re:Transparent memory offloading: more memory at a fraction ... by Neil44 on Tuesday June 21, 2022 @07:31AM (#31822694)
It seems kind of, but better because memory can be compressed and/or paged out using a more advanced algorithm than before which assumes fast NVME's available to inform it's decisions.
Re:Transparent memory offloading: more memory at a fraction ... by mpweiher on Tuesday June 21, 2022 @12:24PM (#31825754)
Compressed swap has also been around for ages.

There's also been swapping to GPU memory (if free).

There are also advanced page replacement algorithms.

One interesting algorithm I read about a while back was using LZW not to compress swap, but to predict future page usage from past patterns.

etc. etc.

It's all still paging/swapping.