But is it, really? Or is the Google search a serious bottleneck between our brains and this vast treasure trove of extra input?
After all, finding what you're looking for on the internet is actually not simple. There's an art and science to the Google search, and it's a very verbal-linguistic sort of thing. Phrase the search differently, and you get a very different result.
Not only that, but once you find it, you have to read it (or at least comprehend the video or podcast).
This means two things (for now):
1) Although the information is out there, it's certainly not as accessible as the stuff in our own brains. We obviously haven't yet reached the time when our memories can be replaced by cloud storage. We still need to know the facts we want easy and quick access to.
2) Literacy skills are essential to accessing this treasure trove of knowledge. You can't get at it without being able to compose a good search. Of course, this situation may change in the near future. Imagine a direct interface between the web and you mind: It might at first be verbal-linguistic, but no reason it couldn't evolve to work just like our minds' own mechanism of information recall.
But for now, you rally need to have good literacy skills to be good at using the internet. So while it's true that memorization of facts is not nearly as important as it once was, literacy is more important than ever.