Wow, we just keep finding these little Apple treats all over the place! The next big thing to come from Cupertino is the new, lower-cost iCloud Storage.
Changes may be made either through Mac OS X (System Preferences > iCloud, click on Manage… button, then click Change Storage Plan…) or iOS (Settings > iCloud > Storage > Change Storage Plan).
5GB plans are still free, while 50GB is $0.99 per month, 200GB is $2.99 per month, and that big new 1TB plan is $9.99 monthly.