And on that train of thought, I just had a little flashback about storage sizes. There was some time when 3.14 MB was a big unit of measurement, and some 50MB drive was huge. The classical example: Monkey Island, Indiana Jones or Day of the Tentacle on ~12 floppy disks. But you had to choose which 1 or 2 to install because you didn't have enough space on your hard drive, or you had to swap disks every few screens :)
Or, they are archiving a lot of video playthroughs in the lets-play style from video sites, in case those sites go through a meltdown like viddler does.
I guess I'm rambling. Point is: This isn't just a storage dump. There are also interesting projects around the internet archive to make the old things accessible on new systems. Very worthwhile donating to.