Hard drive prices to remain high through 2014
Inventories won't be back to normal until later this year

Ugh...I suspected as much, having read all of the ongoing announcements, but I really didn't expect this to go too much beyond 2012. My suggestion to you is to find the best price on the hard drive you want now (or in the near future) and buy it.

I'm still not too keen on the 2 and 3 Terabyte drives (quality issues), however I just picked up a good deal on a 1.5TB off amazon.com because I know I'll need it in about a month, and who knows what price it will be at that time. For more information about the dreary details, read this article on Computerworld.com.