Until some peanut head in the ivory tower says it's not a money maker and gives you 30 days to find an alternative. For $100 I can buy a hefty external and at $20/mo could accumulate multiple TB of externals along with a license for Acronis, Superduper, Ghost or any of a zillion other great backup software solutions.
Tiger Direct 1TB internal drive $100. On Black Friday I bought an external Maxtor 1TB for $140. The hosting service I use gives me 120GB for $5/mo. This makes no sense at all from where I sit.