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Terabytes of storage are coming to an internal hard drive near you, along with cost per GB falling under 50 cents and still going down. For you, the consumer, this is a great deal. Soon enough, your internal hard drive is going to have so much capacity that you'll have to work to fill it, even if you're recording uncompressed TV or video. You'll even be able to put your information on a reasonably priced file server, in order to share it with family, friends and co-workers.
Bottom line: More storage space at lower prices means that every computer user will be able to use their home PC as their media center soon enough. Everything is going digital. Get ready now.