At least with Glacier I get the option of retrieving faster. Nearline is going to take more than 3 DAYS to retrieve my data if I only have 1TB stored (3MB/s).
I wrote a backup program that uses Glacier, and the retrieval policies are nearly impossible to manage and explain. But the thing I really don't get is that you can use Amazon Import to read a hard drive into Glacier, but you can't use Amazon Export to get a drive full of data back out. You can with S3.
In a disaster situation, a company is going to want hard drives sent to them next day. As others have mentioned, this isn't a money thing, it's a time issue. But it isn't available with Glacier (probably not with Google either...)
If you're willing to pay more for faster retrieval I guess you could store e.g. 5TB of random data to get a fast "base speed"- cutting those 3 days down to 12 hours.
Or use Nearline for archival data as well as disaster recovery. You won't need to transfer the archival data for normal disaster recovery scenarios, so it'll be -- for that scenario -- extra data that boosts your speed, but it's still, on its own, a useful use of the service.