I guess it might be of some help for amnesia patients, but the human memory is very different from a mass storage device. We don't remember facts as they were (and that's why eyewitnesses are unreliable) but as we believe we saw them, and the more time passes, the more the memories are warped. Our memories are filtered through our state of mind at the time, and then altered by the emotional baggage attached to them.
Thus, when we remember our high-school years we tend to remember us and our schoolmates as a cooler version of the Twilight cast, our first love would put Kate and Leo in Titanic to shame, and so on. The reality was much different and we know it - but our minds seem to have developed a merciful defence mechanism against it. That works for everything that's kind-of-stored in our memory.
Memories were meant to fade to pink. They were designed that way, apparently.