Another practice I have been doing over the last ten years, is to start new file hard drives for each year. I never use large ones; the all the eggs in one basket scenario, but use smaller ones. I am now using 500gb drives. Five years ago they were only 160 or 120gb drives.
What I do is to install a new drive in the internal drive dock on my G5 at the end of the year. The removed old drive is put in an external housing, and label it for that year. I also format the new drives naming them for the year which they will be used. I have three work stations; one for the studio, one for my graphics, and one for my field work. So the new studio drive is labeled Studio 2011 for this year.
I will hook the last years drive to the computer because the work will overlap. But drives going back two years are mothballed in plastic tupper ware type containers, and not used unless the files are needed. Often used files are copied to the new drives for convince. That also make for multiple backups of important files. The mothballed drives are kept in a dark, cool storage unit.
I never write files to the drive where my aps are. I never use a computer with important files on it, on the internet.
I lost the neutral leg of my three phase electrical service last year. My line voltage went up to 148 volts. I lost five hard drives, plus lots of other equipment because of the electric company's mistake. So sh*t happens, and through no fault of your own, hard drives can be killed. I was lucky that I was able to retrieve most all of my important files, and smart not to have all my file drives hooked up the the electrical system.
Having files in many places, on smaller drives saved most of my important files.
Hard drives have a service life as well. Any dive in use over three years is on borrowed time. By taking them offline in two years, I increase their lives, and cut the chance of them failing.
About not having a CD or DVD player in the future. Keep a good quality spare on hand for that future need. I have a Sony external player with USB and FireWire interface in storage, Just in case I may need it some day. I also have floppy drives, M/O, and Syquest drives in storage. Remember Syquest.
The final line is, all files die with time. The amount of time varies depending on the type of media. I had to reprint a negative from 1972 last month. The 4x5 color negative was store in a dark, cool filing cabinet, and it was a real b*tch to scan. The dies had faded just enough to make a color cross over problem; Green/magenta! Tape has a problem where the magnetic data on one layer, transfers to the layer above and below it. Then sometimes the data layer comes unglued from the base. Even wire recorders have this transfer problem. Black and white negatives are subject to air pollution contamination.
In the end, if you lose a file through no fault of your own, and have taken the precautions to preserve it, known at that time, go on making new images. Too often we put too much value in old work. The new work should be what is important to us.