Comment How I deal with it (Score 1) 499
I'm about 6 years ahead of you with the same problem. Lot's of pictures and video. Here is my current (and evolving) plan.
1. Everything is live on a NAS in my house. I don't do anything fancy like RAID. It's just a cheap harddrive. I do periodically swap out the hard-drive for a bigger one every few years and haven't had a failure yet...but that is just dumb luck.
2. I store everything in common formats, DVD images and jpeg. I figure that I'll notice if JPEGs or MPEG2 video becomes hard to decode and at that point I'll spend a weekend converting to something more "current".
3. Everything is backed up to a USB hard-drive that I keep in a fireproof media safe that is certified for media (hd, optical etc.). A standard safe won't stay cool enough.
4. Offsite backup using Crashplan. I like Crashplan but Mozy or Carbonite may work as well.
The USB HD in the safe is probably redundant as I really don't know how well it would survive a fire and is also the most likely to be out of date as the backup is a manual operation. I just can't put all of my trust into an external company that I pay $50/year to.