Finally, numbers other than picodollars and gigabyte months and unpredictable deduplication. This convinces me I don't want to store 4TB there at a huge cost($12,000 if it's really $300 a year for 100GB) compared to buying two 4TB drives (~€250 per 3-4 years) and placing them at a friend's with free bandwidth.
Don't get me wrong: managed, off-site encrypted backups are very attractive, and I might be willing to pay a premium, especially for software from a trusted person, but not the cost price hundredfold.