Amazon released a new product in their web services line of data storage apps on Tuesday. Amazon Glacier is a cloud based tape backup replacement solution aimed at enterprise level storage needs. Glacier aims to compete with in-house storage systems on data redundancy and price. The entry level cost of Glacier is $0.01 per gigabyte per month. Media archival, research and scientific data storage and business information, as well as magnetic tape replacement, are ideal use cases for Glacier, according to Amazon.