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Hitachi is about to release 1 TB hard drives. Supposedly they perform on par with Raptors. $399, but strangely, available first from Dell bundled in expensive gaming PCs. Hopefully it won't take long to hit the open market. Seagate to follow in Q2 of this year.
Adobe launches Apollo. I mentioned this in passing back in November, and now here it is. Nicely done Adobe. Apollo lets developers write cross platform applications using HTML, javascript, and Flash, that run on the desktop instead of in the browser. This has the potential to unlock a lot of creativity. I'm downloading the SDK now and will report back when I get a chance to play around with it. For now I am guardedly optimistic on this one. And six months ago I was thinking Adobe couldn't do anything right.