The new plan offers iTunes backup for $1 monthly, and backup + sync between two Macs for $1.50. Cheap, no? The catch: this is BYOS -- bring your own storage. At launch the service will support backup to Amazon's S3 cloudisk service, with basic FTP and Omnidrive links to follow within a month or two. The Bandwagon blog details the changes here and explains more of the why here. Considering that Xackup is also launching Xackmail (Mail.app & Outlook backup) and Neverfuget (iCal backup/sync to Backpack) tools, this company is making a serious play for Mac home/net backup customers on all fronts.
Will Bandwagon pull you onboard? I might consider it myself, and work out a "homebrew co-lo" agreement with friends or family to put a spare drive and FTP access at their place, reciprocating with the same at my place -- or just bite the bullet and start paying Amazon for disk space.