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Bear in mind that as harddrive space grows, connection speeds shoot through the roof and optical formats can store more and more; the compression technology becomes better and better as well, so technically our need for space diminishes over time.
Still, the amount of sheer information one can store on any media in the future will be staggering, so this is a good thing.
It's kinda like building faster cars and better roads at the same time, two means towards the same end.