My guess it will be caddy based, to ensure that the conditions of the disc will be contaminate free.
From what I recall of previous caddy systems... it really doesn't work as well as people think. In the end, it either makes people
more careless with their media (3.5 floppy) or adds unnecesarilly to the cost (CD). Yeah, I know manufacturers keep going back to the caddy, but how often do manufacturers actually produce a
good product without having to convince us?
I saw this and thought holy crap...that's a lot of room for roms and music!
Not to pick on ark_ader....
Do we really need TB?

I still remember my first conversation along those lines.
Teacher, "I just won a second 1GB HDD for our video editor at an auction."
Myself, "How much did you pay?"
Teacher, "Just under a $1,000!"
Myself, "Sweet! That's a shitload of video!"
Student, "Do you really need 2GB?"
That kind of conversation always seems to get repeated every few years. When I bought my first 30GB drive, my ex and I got into a massive argument because she thought it was a waste of money. Two years down the road, she crying to me that she doesn't have enough drive space.

Few years later, my friends ask me why I'm so excited about a mini 60GB drive I got a hold of, now iPods exceed that capacity. I bought a 500GB drive for the buy-in (Sorry about the delay Randy) and my current GF wonders why I need so much capacity. Right now, I'm eyeing dedicated NAS boards to exceed even that capacity.
As consumers, do we need 1TB? Not right this second, but I'll guarantee I'll be filling that space up in the time it takes to download and rip it all.
I'll be damned if I let some corporate hog enjoy
uber storage.