[nvrspyx]

No one said it’s not still valuable, but less so on it’s own with the advent of the internet and Google. The same thing can be said with taking notes in school: you’re less effective using human memory alone without the augment of note taking.

[maxxxxx]

Yes, you need both. I think it's even more important today with the massive amount of information that's available. And in addition you need the skill to look up stuff.