Okay, they're banking on no-one actually filling up their terabyte allocation anytime soon so time may be on their side and, as long as storage advancements continue and they upgrade often enough, then they could very well keep on top of it. However, my concerns weren't really about them being able to provide the technology…
Where things get decidedly dodgy is in their Terms and Conditions. Firstly, they make it perfectly clear that you, as the owner of the contents, are responsible for it and not them so that's them off the hook for hosting anything that you upload that could be considered illegal or prohibited. Secondly, and this is the killer, by posting content to Oosah, you automatically grant to Oosah (and its successors) an irrevocable, perpetual, non-exclusive, assignable, royalty free, worldwide license to use, copy, perform, display, distribute and to prepare derivative works of such content in connection with the Site and any current and future services offered by Oosah, and to grant and authorize sublicenses of the foregoing.
That's a serious mouthful to digest but what it means is that, while they've limited their liability for anything dodgy you might upload, they can do whatever they want with your files, data, videos, pictures, etc. forever! Nothing you upload to Oosah can be considered private so be very wary of that.
It's a pity as the service looks really useful; you can upload and stream your music collection, create photo galleries and slideshows, embed content for blog and web site postings, etc. All useful stuff but think about this scenario. You've uploaded your music collection, mostly ripped from legally purchased CDs, and can happily stream this to anywhere you are on the web. However, you've also granted Oosah the same privileges and they can stream your music to anyone they deem fit. Trouble is neither Oosah nor you have a license to do that and you're the one that would cop the blame should the authorities get wind of it.
Okay, a terabyte is a terabye and if you think it could be useful, then go ahead but be very, very careful about what you're uploading.
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