Today, Microsoft announced that users of OneDrive and OneDrive for Business will be upgraded to unlimited storage space at no extra cost. Home, Personal and University customers are being rolled out over the coming months with OneDrive for Business customers being upgraded from 1TB to unlimited space in early 2015.
Home, Personal and University customers can get to the front of the queue by going to http://preview.OneDrive.com. Commercial customers on the Office 365 First Release programme will be upgraded early 2015 and all other customers shortly afterwards.