Just read about a way to increase the amount of storage capacity on a typical hard drive by using NanoTechnology. As a hard disk is heated the chemical and magentic properties of the disk change so the regions used to hold data can be packed more closely together giving up to ten times the current capacity. But the problem is when you head the disk up - the internal lubicant that allows the read/write heads to glide over the disks evaporate making the disk useless - until now.

“Seagate’s answer is to use a material made from millions of carbon nanotubes, embedded in the disc drive housing, to store the lubricant. As the disc spins, the lubricant will leak out and cover the surface of the disc.” You can also read the leaking hard drive patent here

Any technology that increases the ability to store data and use it will aid in creating mobile devices that can store more data (it won’t be that long till you see phones with Tetrabytes of data storage - storage enough to load programs more complex then what can be run on a mobile phone today).