Obviously there will still be some 'level-load' involved
However it will be massively reduced - the i-ram is a rubbish indicator of performance when it comes to speed compared to Ramdrive based solely on ram (the pci slot limits its speed!)
Ramdrive:
I-Ram:
I-Rams were actually pretty rubbish at tramsfer (Pci bus limitations) - a good Raid 0 leaves them standing! Safe to say, with a storage solution running 20x faster you will see a dramatic improvement in performance in tasks reliant on storage speeds (like loading levels)

Ramdrive:

I-Ram:

I-Rams were actually pretty rubbish at tramsfer (Pci bus limitations) - a good Raid 0 leaves them standing! Safe to say, with a storage solution running 20x faster you will see a dramatic improvement in performance in tasks reliant on storage speeds (like loading levels)