WDM isn't too helpful in general except for long links, but fibre has been used inside large computers and data centers for yonks.
On-chip optics is the win. Turns out that you should be able to do communication faster (~c/4 for silicon photonics vs. ~c/10 for long lines with repeaters), and at lower power. I calculated that my antenna-coupled tunnel junction modulators would come in at about 60 uW/(Gb/s). (I didn't get them working, unfortunately.)
Cheers
Phil Hobbs