Thanks for your replies; and for Berkeman; here is a quick summary of some of the information I've found:
All spintronic devices act according to the simple scheme: (1) information is stored (written) into spins as a particular spin orientation (up or down), (2) the spins, being attached to mobile electrons, carry the information along a wire, and (3) the information is read at a terminal. Spin orientation of conduction electrons survives for a relatively long time (nanoseconds, compared to tens of femtoseconds during which electron momentum decays), which makes spintronic devices particularly attractive for memory storage and magnetic sensors applications, and, potentially for quantum computing where electron spin would represent a bit (called qubit) of information.
Scientific American has an article on this which was pretty useful (except that... it seems they've 'doubled' sections in some places...) located at:
http://www.sciam.com/article.cfm?articleID=0007A735-759A-1CDD-B4A8809EC588EEDF
It has an overview of what it is, how its being used, problems, and possibilities. But I would like additional sources so that I have lots of information to draw from in order to provide my profs with a distinct unplaigarized perspective.
And... based on technical reports; of which I have written precisely zero; I would like to know how you get started, and what 'point'/'purpose' (or thesis I guess... don't know what you use in technical documents per se) you try to explain in detail to your reader. I've decided that I would show the advantages of this system as opposed to current transistor circuits, and potentially, photonic systems (if I have enough time to research this area as well).