An interesting new data storage technology:

Lai said that in principle, Nanochip could develop the ability to move the probe a single atom at a time. The company said its current generation of probes has a radius smaller than 25nm, but it projects that eventually the probes could be shrunk to two or three nanometers apiece. That scale, said Knight will enable development in 10 to 12 years of a memory chip greater than 1TB. For a first generation, anticipated in 2010, Knight says he expects a small number of chips to be in excess of 100GB, but a more realistic number is “tens of gigabytes” per integrated circuit, a capacity comparable to the current generation of flash devices.

I don’t know how long it will take, but I do think that mechanical drives will eventually become obsolete.