Can't wait to see if it can be used as a frame material for bikes.

Today a team of material scientists at Pohang University of Science and Technology in South Korea announced what they're calling one of the biggest steel breakthroughs of the last few decades: an altogether new type of flexible, ultra-strong, lightweight steel. This new metal has a strength-to-weight ratio that matches even our best titanium alloys, but at one tenth the cost, and can be created on a small scale with machinery already used to make automotive-grade steel.

— Scientists Invent a New Steel as Strong as Titanium
by Popular Mechanics