There are more rumors about a Google drive (GDrive) coming out this year:
Gdrive is basically a cloud-based storage that should have two faces: A desktop client that keeps local and online files and folders in two-directional sync via a web interface for accessing your desktop files anywhere and anytime, using any network-enabled computer. In addition, it will come tightly integrated with other Google services to enable editing of supported document types, like spreadsheets and presentations via Google Docs, email via Gmail, images via Picasa Web Albums, etc.
I tried using S3 as a backup solution 3 years ago, but it was way, way too slow. Now that I have FIOS, maybe things are different. The thing I'll be watching for? What the pricing model for this service will be. I understand Amazon's model; how is Google going to do it?
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