primesuspect had this to say
Enverex:
What I've said goes for any chemical based storage substrate, including CD/DVD-RW.
Caffeine: I agree with Enverex... If the data is important, I would never trust it with a company that can do whatever they want with it at their whim. You just never know what will happen. I remember how many customers of mine got affected, BADLY, when media one decided to change all of their customer's email addresses to @comcast.net with like, a few days prior notice. Was there anything they could do about it? Nope.
Let's be honest tho...there are differing levels of "important data". There's disposable data (game files and the like), important data(tax records, financials), and irreplacable data (digital photos of your family). With some effort, the important data CAN be replaced, it's a question of effort, time spent, maybe dollars spent. It's inconvenient to replace this data, but it is possible. Irreplacable can never be reproduced.
The BEST means of data backup is to create a system of fault tolerance. Back up to CD, spend the $100 and backup to an HD that is stored at the bank in the safe deposit box(access and replace the drive every 5 years or so, CYA!), and also keep copies of datas (CD and paper!) with a trusted friend/relative.
This stuff is not difficult to do, but can consume some time, and maybe cost a few dollars. Redundancy is not free.