heh I'm such a retard...
for some reason I never thought of the idea of storing data in different wavelengths at the same position.. I was only thinking of moving the source laser around (which is obviously laggy compared to changing the colour, unless we can't change the colour of the laser/LED quick enough..
as for the accuracy, I wouldn't worry about that.. consider how accurate a head has to be to retrieve data on a hard drive! it's mind boggling to say the least, and not only does it work, but it does it in a quick (when considering that it's a mechanical process) time of down to 3 ms in SCSI drives.
the question for me is this, are we going to stick with the rotating disk idea? is there a quicker way of coming up with data (ie, reducing access times to microseconds or lower)? I guess the same question could apply to normal hard drives too.
all I can say is, the space holography provides is nice, and so are the transfer rates, but if I can't boot up a computer in something of a more acceptable time (say 10 seconds or less), then it's not a quantum leap forward to me.