cryoburner
Judicious
dextermat :
Nice to see all that space available but, there is one major issue that has not been resolved yet: Reliability! With all that we need 100% reliable hard drives. Get a lemon, loose all your data. Also, like others said, HD price only goes up while the 500 gb / 1 TB don't even lower the prices. It is really expensive to have a hard drive copy of a backup. I am not telling that WD had more failing HD. Just in general, we need reliability form any company.
It's probably a bit too much to ask for 100% reliability from a consumer device with tiny, ultra-precise moving parts that need to interact at a microscopic level with platters spinning at thousands of revolutions per minute. Maybe drives with reliability much closer to 100% could be manufactured, but they would likely be significantly more expensive, to the point where you might be better off just buying two or more drives for redundancy to accomplish the same thing.
And the reason the price of 500GB or 1TB drives doesn't go down is because they are already using the minimum of one platter, along with the other necessary hardware to make a functional drive, so the price naturally remains the same. For capacities that fit on on a single drive platter, the cost to manufacture them won't go down due to increases in storage density, because they're already using the minimum number of platters, and are therefore already near the minimum cost it takes to manufacture a drive. Current platter density allows up to around 1.5TB per platter in a 3.5 inch drive, and 1TB per platter in a 2.5 inch drive, so anything below that should use one platter, and there isn't really much room to cut costs from there. Now, when we get to the point where 2TB can fit on a single 3.5 inch platter in a couple years, you may see 2TB drives get closer to this minimum cost.
As a side note, this minimum cost to build, package and ship a drive results in drives with the lowest capacities having the highest cost per gigabyte. Using a popular online store's prices for 3.5 inch drives as an example, 1TB drives start at a minimum of around 4.3 cents per GB, while 2TB start around 3.2 cents, 3TB start around 3 cents, and 4TB start around 2.9 cents. Past that point, the minimum prices pretty much remain within the 2.9 to 3.2 cent range up until you get to the highest capacities of 10GB or more, at which point they raise back up closer to 4 cents, likely due to the fact that all of those drives are intended for professional use. So, if someone suspects that they might have a need for additional capacity at some point in the future, it's currently probably best to go with at least a 2TB drive, since you may only need to pay around 50% more for double the capacity. And considering the slow rate of advancement for hard drives in recent years, you can be pretty sure that the pricing won't drop significantly for some years to come.