Big discs are becoming fairly common now. I set up a small server a couple of years ago, and it has sixteen SATA discs in it, variously configured as RAID5, RAID6, and RAID1 (mainly to do with the way it was setup, and not wanting to redo everything). It totals about 5TBytes, which seemed a fair amount then. Now you can buy 1TByte SATA discs for £100+VAT, so a multi-terabyte box for home use, stuffed full of DivX's or DVD ISOs is no longer that big an issue.
I'd quite like to rip my entire DVD collection to a server, so I don't have to hunt around for the discs, but (i) the cost hasn't dropped quite enough yet and (ii) it would take months to do it all!