Update 1/12/10: Google enables loading and storing files to Google Docs without conversion. See Ways to Use that Storage below.

Google just reduced its storage fees by a factor of eight, or as they say “Twice the storage for a quarter of the price.” Announced on Nov 10, 2009, this effects both Gmail and Picasa Web Albums (including Blogger photos).

This is amazing and interesting news. When was the last time you saw the cost of something go down, never mind by nearly an order of magnitude?
Read more about Google Goes Cheap on Disk Storage »