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Now this is probably good, for video game files, and general system files and probably non-private media files, or maybe family pictures aren't that big of a deal, but you get my point.
Now, in 2009, we know the NSA grabs 100% of all internet traffic. Simply sending information over the internet in any form potentially reveals it to authorities.
Think of all those internet worms that open up ports on your computer for outside access. It is possible that non-trivial information stored on your computer has already been compromised.
If you're keeping anything vital on anything that you cannot readily physically remove from a PC you are kidding yourself as to its security.