It's ultimately what killed having a memory controller on the northbridge of a motherboard. Having the CPU talk to a separate chip to ultimately talk to the RAM simply added too much latency into the entire process.
And it may end up causing CAMM2 to end up being the next standard. The physical layout of the chips on the board means the traces can be shorter - leading to lower latency and higher stability.
I really hope CAMM2 takes off. It'd be a rare standard that could be used for both laptops and desktops. Having upgradable memory in a laptop again would be great. Using the same standard a desktop would make it easy to find sticks as time goes on.