Depends on how you plan to be storing the video. Full-size video without compression can take up silly amounts of hard-drive space (something like 30 MBytes/sec).
More than likely you will be using some sort of real-time compression to compress the video as it plays and is stored on the hard-drive.
I remember reading somewhere that the maximum bit-rate of MPEG2 video is 11 Mbit/sec, but in most cases for films on DVD it usually uses an average of around 8 Mbit/sec (around 1 MByte/sec).
In which case to store 60 hours of video at DVD quality (720x576) will take something like 216 GB.
MPEG1 (Video CD) uses around 170 KBytes/sec but is obviously lower in quality and only supports a max frame size of 352x288 (but still does a decent enough job).
In this case 60 hours will take up around 37 GB.
Although unlikely at the moment, MPEG4 (ie. DivX) can store almost DVD quality at the same data rate as MPEG1 however there aren't any capture cards or real-time VCR programs that come to mind that actually use it yet.