Om Malik writes:
The growing number of early-stage start-ups signing up for Amazon S3 indicates that something big is afoot. One of the reasons for the growing popularity of S3 is because the service is optimized for developers and offers REST/SOAP access to its system at pretty affordable prices. Amazon currently charges $0.15 per gigabyte of storage per month and $0.20 per gigabyte of data transferred.
These prices, as Jeff Barr of Amazon explained at SF TechSessions in June, will trend lower, thanks to constant commoditization of hardware and Amazons scale. We are not speculating on the future except to say that we will continue to offer Amazon S3 at extremely competitive pricing by passing along Amazons own benefits of scale to Amazon S3 customers, a company spokesperson said.