1TB hard drive prices appear to be falling quickly as competition heats up. Western Digital came out with their “green” drive that can spin down from 7200 to 5400rpm to save energy and Fry’s is already selling them for $265. This represents a price drop of 25% in the past month. I suppose its not surprsing given that the market has gone from a single vendor to three. In any case, it looks like good news for building big storage arrays.