10+ Gig Removables?

swegerm writes "Well, if you think you're impressed with the nano magnetics at Cornell - which is years off - then you'll be even more impressed with the technology that is here now called "Near Field Recording". The company TeraStor has developed storage technology that starts at 10 Gig removable on a 5.25 single sided platter for $700-800 dollars. This will be similar to a CD or Zip drive. The starting areal density is 10 Giga bits/sq. inch and approach by the year 2001, 100 Giga bits/sq. inch. The theoretical maximum is 100,000 Giga bits/sq. inch. It is based on a combination of optics and magnetic media with the key solution being in the read/write head. It's supposed to even exceed GMR technology from IBM. "