The LDS web site has an interesting article that states:
FamilySearch volunteers expect to have transcribed more than 325 million names by the end of 2009, just three years since the organization began its online indexing program.
The milestone was a number once thought impossible to reach in such a short period of time. In 2006, a few thousand volunteers indexed only 11 million names. But thanks to continuing advances in technology and a growing number of volunteers---more than 100,000 across five continents---an estimated half million individual names are indexed each day.
At that rate, Paul Nauta, FamilySearch public affairs manager, expects that 500 million names will be transcribed by the end of 2010.
And yet all this work barely makes a dent in the vast stores of historical records throughout the world, which grow by more than 100 million records (each with multiple names) every year.
"We are not catching up," Brother Nauta said. "In preserving records alone, there are more records created in one year than we could ever film in years with current technology."
You can read the full article at http://tinyurl.com/lzgo9n.
My thanks to Caroline Dunham for telling me about this story.