Different sorts of information, yes, but also far more advanced sorts. We will still need to memorize the basics ... language, math principles, rules of science, etc. to be able to learn at high levels.
It's a double-edged sword: being able to look up the bits of information you don't already know can be a great mental bridge-builder, but being able to recall many complex ideas at once (working in advanced physics, for example) requires one to have instant recall of many unrelated laws, theories, and bits of information to forge ahead and create new ideas. It narrows the gap between people learning and working at low and medium levels of knowledge, but too much reliance in society could stymie advanced work.