Seems like there's a business opportunity here. The problem they are addressing is the fact that digital storage, when done incorrectly, can be very fragile. I know several people that have lost all of their pictures due to hard drive crashes or theft. These people are now making physical copies of EVERYTHING and putting them in safes and safe deposit boxes.
The currently accepted solution is to copy everything up to "the cloud" where things are backed up and redundant. While this is a good solution for a lot of people, it's not for everyone. I get the feeling that there's a group of (mostly older) people out there that would want (and be be willing to pay for) a longer lasting, physical storage medium like this. A long-lasting write-once medium like this might be a good compromise between digital (easy to store a lot, fragile) and analog (harder to store a lot, longer lasting).
The main issues with this type of medium, though, would be price and compatibility.