Google OS: the end of the hard drive?

I think it's a neat idea of how they want to get rid of hard drives and replace them with non-volatile flash memory and internet-based storage for saving all of your data. Like if your computer crashes, your files are saved on the internet so you don't have to worry about losing them. But I do still like the traditional hard drive but I am interested in trying something new.

http://www.cnn.com/2009/TECH/11/20/google.os/index.html