1.4TB...? Uploaded to the internet? Unless you have unIimited internet thatd kill your data cap for years (literially!)
Oh, yeah, I forgot about that - I'm on a 200GB/month plan (and that's pretty generous by local standards) so that's over two years to upload (as long I don't download or upload anything else) by which point I'd probably have another TB or 2 to deal with (slowly upgrading DVDs to BluRay).
Still, one day they'll expand the fibre network out to here and if the local ISPs decided to offer that sort of service (with the data not included in your cap) then a cloud-based backup would be certainly be a great option.