How About Reserved S3 Storage?

During lunch with the technical leads from SoundCloud they floated a simple yet genius idea, especially for customers with very large storage requirements on S3 like they are: Reserved Storage. Reserve so many terabytes per year for a certain amount of time, pay an upfront amount for that, and get greatly reduced monthly storage costs. Sounds like an excellent idea to me, and would be an very logical addition to Reserved Instances.. They asked their local AWS evangelist about it already, so who knows? Maybe it’s somewhere on the horizon.