Om Malik points to PhotoShelter, which is offering one terabyte of storage space for $1000 a year. I just knew someone was going to start talking about Amazon S3, and Jeffrey McManus did- in a comment.
Om then correctly points out that no ordinary person has the slightest idea how to use S3.
Saying end users should use S3 for archival and backup storage is sort of like saying that Batman is giving away free cookies at the Batcave.
I’d want some assurances on what future PhotoShelter rates would be before I uploaded all that data. I can also tell you from my MediaMaster experiment that uploading that much data would take approximately forever.