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I would like to point out a very important section in the paper on Hekaton on the Microsoft Research site here. I will quote the section in total:

2. DESIGN CONSIDERATIONS 

An analysis done early on in the project drove home the fact that a 10-100X throughput improvement cannot be achieved by optimizing existing SQL Server mechanisms. Throughput can be increased in three ways: improving scalability, improving CPI (cycles per instruction), and reducing the number of instructions executed per request. The analysis showed that, even under highly optimistic assumptions, improving scalability and CPI can produce only a 3-4X improvement. The detailed analysis is included as an appendix. 

The only real hope is to reduce the number of instructions executed but the reduction needs to be dramatic. To go 10X faster, the engine must execute 90% fewer instructions and yet still get the work done. To go 100X faster, it must execute 99% fewer instructions. This level of improvement is not feasible by optimizing existing storage and execution mechanisms. Reaching the 10-100X goal requires a much more efficient way to store and process data. 

This is important because it confirms the difference in a Level 3 and a Level 2 columnar implementation as described here. It is just not possible for a Level 2 implementation with a row-based join engine to achieve the performance of a Level 3 implementation. This will allow the Level 3 implementations: HANA, BLU, Hekaton, and Oracle 12c to distance themselves from the Level 2 products: Teradata and Greenplum; by more than 10X… and this is a very significant advantage.

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