For the case of near-line storage I believe this would work. I understand why you would need this in that case.

At that point you'd simply have to address pricing. With some napkin math I just paid $15/TB/month (for duration of warranty) for near-line storage. I'm taking liberties here with assumptions (no power or cooling but this offsets the cost of longer transfers to the cloud vs internal to your data center). I'm also not factoring in personnel costs.

For consumers I have absolutely no idea what the pricing would be like. $15/TB/month seems cheap and I would probably be expecting something between 25 and 100GB for that same price if you told me what your product does.