Sigh... I guess I'm just not a sophisticated enough user to understand this.
For less than 1/10 that price, I bought a 2TB drive and I keep my data myself. I save a fortune in tinfoil every year that way.
Of course, I don't have an iPad or an iPhone or any sort of mobile computing device. When I compute, it is at my desk with a really nice keyboard and a 27" monitor. I don't do mobile. Period. So it is no disadvantage to me to have all my data safe and secure and in the only place I have the equipment to access it.
tanstaafl.