http://www.dailytech.com/article.aspx?newsid=3122

Using nanotubes, Seagate's new patent involves coating the surface of a hard drive's platter with an extremely thin layer of extremely tough lubricant. The lubricant is designed to protect the actual magnetic medium, which in itself ranges from 2 to 50nm in thickness. Using this lubricant, Seagate will lower the read/write head to the point where it actually may come into contact with the platter.

Seagate will also be introducing a heating mechanism such as a laser, which will heat up a small area of the platter allowing magnetic particles to be arranged more precisely -- thus allowing greater data densities. The laser itself will be positioned adjacent to the read and write head.

Using nanotubes, Seagate's patent involves coating the surface of a hard drive's platter with an extremely thin layer of extremely tough lubricant. The lubricant is designed to protect the actual magnetic medium, which in itself ranges from 2 to 50nm in thickness. Using this lubricant, Seagate will lower the read/write head to the point where it actually may come into contact with the platter. Seagate will also be introducing a heating mechanism such as a laser, which will heat up a small area of the platter allowing magnetic particles to be arranged more precisely -- thus allowing greater data densities. The laser itself will be positioned adjacent to the read and write head.

Since the lubricant layer is so thin however, the area that was heated will have some of the lubricant evaporated. To combat this, a reservoir that contains lubricant made of hundreds of thousands to millions of nanotubes is contained within the hard drive. Using precise pressure, the lubricant is evaporated into a vapor, and the vapor then deposits itself onto the area where there was depleted lubricant. According to Seagate, the vapor lubricant will take no more than a single disc rotation to complete the filling processes. The patent also says that hard drives will contain enough nanotube lubricant to last anywhere from 5 to 10 years. From Seagate's patent:

The saturated reservoir 60 of disc lubricant may be placed at any suitable location within the disc enclosure 12. The reservoir 60 delivers a predetermined vapor pressure of lubricant inside the enclosure. Lubricant molecules thereby enter the gas phase and bombard the disc surface with a known rate principally determined by the vapor pressure. A multilayer surface film of lubricant is therefore built up from the gas phase. Equilibrium is then established between the gas phase lubricant molecules and the outermost layer of the formed multilayer surface film.

You doubled a part of the article you should edit that. You gaved a big article and a small opinion. Express your feelings.
Anyway, that is sure do a new technology that maybe will be placed in the market in 2007. And I am sure it will be extremely expensive, I will be the first, maybe, one to get one of these. That is a reolution in technology, terabytes of space just waiting to be filled by human. Just a small question: From wich country did this technology came-up and who is the one who invented, I will be greatly apprecitated if you answer my question please PM me.
Thank you!

and dont forget they only last around 10 years...

so its kinda pointless... id say make one that can last for about 20+ lol