I think that is a bit over the top, millions. A 1TB drive, will be about 930GB when formatted. That is 930.000MB. Say your average MP3/AAC is 5MB and costs about 1 dollar, you could stuff 186.000 dollars worth of music on it. Still a lot though.
Question: Can you insure a harddrive based on the price/value of it content?
Too bad the article only focuses on legal downloads and such. I'm pretty sure that the long tail effect does exists, just not in the paid download market.
I don't want to be young again, I just don't want to get any older.