Yes, that was the original plan. If you look at the source of the protocol page there's an action commented out for setting a base URL, basically a content hosting provider.
what's the difference between running a central server and running an IPFS node? You need a server anyhow. With IPFS people can help hosting their own files.
One benefit is that it doesn't require DNS or even a public server. You can run a local Memo client that uses IPFS. Another nice thing is it has built in easily parsable hashes.
Can I run this local Memo client right now?
.. on IPFS?
You can run a local client. Not using IPFS though. Also lighter clients can be built.
