Mozy discontinues unlimited backup plan - big price increases for some users

Today I received the following e-mail from Mozy, announcing that they have discontinued the "unlimited" plan ($4.95 for unlimited storage) that I am on and that I need to choose a new plan.

"Thanks for being a valued Mozy subscriber. For the first time since 2006, we’re adjusting the price of our MozyHome service and wanted to give you a heads up. As part of this change, we’re replacing our MozyHome Unlimited backup plan and introducing the following tiered storage plans:

50 GB for $5.99 per month (includes backup for 1 computer) 125 GB for $9.99 per month (includes backup for up to 3 computers)

You may add additional computers (up to 5 in total) or 20 GB increments of storage to either of the plans, each for a monthly cost of $2.00.

While this policy takes effect for new MozyHome customers starting today, your MozyHome Unlimited subscription is still valid for the duration of your current monthly term. In order to ensure uninterrupted service, you'll need to select a new renewal plan.

As the leader in online backup, we’re committed to continually providing the highest levels of service and protection that you’ve come to expect from us as well as delivering those innovations you’ve been asking for. For more information on the factors that led to this change, please read my note or visit our FAQ.

Be safe, Harel Kodesh President"

It looks like I would have to pay $9.99 (gets me 125GB) plus $30 (gets me 300GB) for a total of $39.99 per month. Is this a good deal? Should I switch to another "cloud" backup solution? Thoughts?

For me the new pricing means that they are a no go (although I do appreciate that my current 2 year subscription will continue on). I'm currently at about 500GB of stuff that I actually want backed up into the cloud (mostly photos from DSLRs) and several more TB of stuff that be good to backup but I could live without. With their new pricing scheme, I personally feel like I'd be better off upgrading my dropbox account and putting more stuff in there + buying more hard drives (and keeping them in multiple locations) for my photos. Moving to another cloud backup provider would be an exercise in a lot of uploading time to get 500GB up over a home connection.