The Power of Magnets
It may be simple in essence, but it does look that it might not be so simple to make work. On the other hand, if it does it could be a spectacular breakthrough in the fight against cancer. Effectively, you induce ferrous nanoparticles to lodge in the cancerous cells and then you blast them with a strong magnetic field. This raises their temperature and kills them.
For a more detailed (and better) explanation see The Times.
I do rather have this belief that the big breakthroughs in medicine in the future will come by combining the best of medicine, with the best of engineering, physics, chemistry and many more disciplines.
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The Anonymous Widower 
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