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Replacing Tape with Cloud Storage

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We are in the process of researching long term cloud storage in the hopes of reducing costs and overhead associated with tape storage.  We have 2 Netbackup domains and back up to an MSDP pool then duplicate to LTO tapes on a daily basis. The tapes are securely taken offsite by a third party company for long term storage.  We are also kicking around the idea of purchasing appliances for our next hardware refresh at both of our sites with enough storage to replicate images back and forth using AIR.  We started to look at offerings from AWS and Google; both have attractive prices for long term storage but charge a premium to retrieve the data. 

Have any of you recently deploy a cloud solution and got rid of tape altogether? Are you using a hybrid solution?  How are the actual transfer rates? Do you regret or are you happy with the decision to go with cloud storage?  Would you please briefly explain how you deployed the solution? 


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