"Glacier is designed with the expectation that retrievals are infrequent and unusual, and data will be stored for extended periods of time. You can retrieve up to 5% of your average monthly storage (pro-rated daily) for free each month. If you choose to retrieve more than this amount of data in a month, you are charged a retrieval fee starting at $0.01 per gigabyte. Learn more. In addition, there is a pro-rated charge of $0.03 per gigabyte for items deleted prior to 90 days."
http://aws.amazon.com/glacier/pricing/
To store 1TB for a year in S3 is now $368.64
To store 1TB in Glacier for a year is $122.88
We're quibbling over ~$250/year?