I'm going to respond in the spirit of this thread... take a deep breath.
Can you describe those units? I would like to buy some. Please write out what RPM means and restructure your sentence.
Pronoun fail. But regardless of which noun your pronoun is referencing, I think you're overstating.
Fair criticism. Using a 16-color scheme with archival dyes, however, could theoretically last for hundreds of years (longer than modern drives). But obviously, it wouldn't work with a high color scheme.
You are sort of accurate, but for the wrong reason. We absolutely have the technology to build a very sharp bandpass filter. The real problem is that within a very fine channel, you have a very limited amount of bandwidth. You don't have room for FM modulation, or even phase information, so modulations like QAM and QPCM don't work as well, if at all.
There are a number of theorems about this, including the Shannon-Hartley Theorem based on some of the old Nyquist calculations.
http://en.wikipedia.org/wiki/Hartley's_law#Hartley.27s_law
In short, the width of the channel is proportional to the amount of data that can travel through it. In practice, modern encoding schemes can stretch this a little bit (maybe even double or more), but this is not unlimited. A 40Mhz channel will never give you approximately 40Mbps of bandwidth with simple encoding. We see this in practice. 2.4Ghz technologies with 20Mhz channels struggle to break 20Mbps even with QAM. 802.11ac uses some more dense encoding (256-QAM) and manages to get a useful maybe 40-50Mbps out of each 20Mhz channel at the cost of much higher noise sensitivity.
I am going to disagree here. There is no fundamental limit on the rate at which color can be read, beyond the round-trip time of the photon to/from the detector, which should be nanoseconds or even picoseconds on the scale we're talking about, as well as the time it takes for the photoreceptor to charge, which should also be nanoseconds. I'd bet, theoretically, that optical read technologies could be built to read large chunks at a time, rather than having to use racetrack formats on magnetic disks. I don't think read speed is an issue here. In fact, it's one of the few non-issues here.
If it were possible to make as cheap as he claims AND as dense as he claims, it would be of marginal utility for some niche markets, especially if it could be "printed" on-site.
That said, it's both impractical and niche and is unlikely to do either dense storage, or cheap storage.