Expect a run on tape suppliers as studios try to stockpile as much media as possible. Then the price of used reels will skyrocket as tape attains "vintage" status. T he Next Big Thing (we hope): a multi-gigabyte FireWire RAM stick.
Editor at Large
Next up: Hard disks. Instead of recording to them, record into tons of RAM — 64-bit apps will let us do that — then backup to HD or Blu-Ray DVD (whichever prevails). It sounds pricey now, but won't be in just a few years.
I doubt that studios will be dumping their 2" machines anytime soon, so I'd wager there’ll be an after-market rush (I hope). On a related note: Is anyone really surprised that tape manufacturers are abandoning the format?