We still have memory items. But they have been reduced from many to just a handful that have to happen right now. Like rapid depressurization. That's still a memory item, but after the masks are donned/100%, you pull out the QRC and you have those and next steps available in a second. The QRC then leads you to the exact QRH procedure.
Engine fire steps are not memory items. Since you're usually waiting a bit before EFAH, you have time to pull out the QRC and read the steps.
This style of emergency response could prevent BOAC 712-type accidents where a failed memory item could have perhaps been prevented.