IBM and Fuji Announce Tape Storage Breakthrough
robkill writes "IBM and Fuji have announced a breakthrough in the amount of data that can be stored on magnetic tape, a 15X improvement to 6.67 billion bits of data per square inch. IBM estimates that it will be 5 years before this hits the mass market"
When a 500 GB hard drive costs $75, can be thrown across the room and have a chance of working, weighs the same as a tape and can be easily inserted/removed in bulk with software management and barcode readers to keep track of it all for you.
Until then, tape will stick around. I have a feeling it might be a while.