Apple’s just announced a new Time Capsule, the company’s combination 802.11n router and NAS drive, bumping the storage capacity to a full 2TB. The new drive comes in at a whopping $499.

The more interesting news is the price reduction Cupertino’s thrown to the 1TB version. You can pick up the lesser version for just $299, down from the new 2TB’s price of $499. That’s a massive reduction, and it certainly makes me wonder what kind of margin they were reaping on the device. Of course, storage is so cheap now you can imagine it was huge.

The device hasn’t changed other than the storage capacity. What I’d really like to see is a RAID capable drive for the truly storage savvy among us. 2TB of offsite storage is great, but what of your backup’s backup? I suppose that’s how they’ll try to sell MobileMe.