The rumors started flying this morning about Google Drive and they were correct! Google Drive was officially announced today with 5GB of free cloud storage! According to the Google Blog: "You can choose to upgrade to 25GB for $2.49/month, 100GB for $4.99/month or even 1TB for $49.99/month. When you upgrade to a paid account, your Gmail account storage will also expand to 25GB."
You will be able to synch photos, videos, Google Docs, and more! To get started go here: https://drive.google.com/
More info directly from Google's Blog: http://googleblog.blogspot.com/2012/04/introducing-google-drive-yes-really.html