Earlier quoted context omitted.
One of my biggest questions is the lifetime of these drives. I know that flash memory has a certain number of write-cycles but has there been any study done on how long these drives last in an almost constant write environment like OLTP?
IIRC, SLC NAND has ~100,000 write cycles and MLC ~10,000 (enterprise-level SSDs almost exclusively use the former). I'm not aware of any recent studies specifically on durability, but given that there are no moving parts I'd imagine that SSDs last at least as long as mechanical drives. There's also this bit from the press release: "[The] 700GB drive [is] able to write 28 terabytes of data every day for five years."
It's easy to maintain overall device reliability (and performance) by having more spare area, but that negates a lot of the benefit of moving to a smaller process. (And the performance penalty from having fewer flash chips to stripe across for a given drive size also detracts from the smaller process size.)