GE's 500GB holographic storage discs. Yup, holograms!

You know how cheap storage is becoming — it breaks my heart when I remember how much I paid for my first 256MB USB drive. Now, a new storage medium is being unveiled by General Electric (granddaddy owner of DVICE.com) that could sell for about 10 cents a disc gigabyte, with a capacity equivalent to 100 DVDs.

GE has developed a micro-holographic disc that's the same size as present-day CD, DVD and Blu-ray discs. Instead of the two-dimensional surfaces used for Blu-ray's 50GB, holographic storage uses three dimensions to store digital data. These discs can store 500GB of data by using holographic light patterns to densely pack three-dimensional data.

While still in the developmental phase at this point, industry experts are hopeful that it could become the next form of low-cost storage for consumers. Best news out of this development is that new micro-holographic players will be backwards compatible to play CD, DVD and Blu-ray discs.

The love affair with holograms just got sweeter.

Via The New York Times

UPDATE:The price is expected to start at around 10 cents per gigabyte, not 10 cents per disc, and should fall as it gains in popularity, if it gains in popularity.