Service Oriented Architecture (SOA) is a meaningful concept. It establishes new methods for software systems and applications. It is probably the most important step forward in software modularity ever. It is much more than a way to provide web services, its a way to implement software on a completely different scale.
There are many things to consider with SOA, including the abstraction of storage from application processes. As applications evolve towards associated services, the one-to-one relationship between data and software applications evaporates. This will not make things any easier for data stewards who are struggling to meet data management expectations with incomplete and inconsistent tools - and have developed application-centered storage practices.
The way I see it, SOA is all about the data (almost everything in IT is). It's great to have modular services that allow fast deployment of business processes, but those services depend on having data access and management practices that are up to the task. Storage will have a minor role, but most of the heavy lifting will occur at the file/object/metadata level, where most of the "storage" work is going to take place.
Hitachi seems to think their flavor of virtualization is Service Oriented Storage (SOS). The acronym is appropriate insofar as their SOS is obviously a desperate call for help with product positioning. There is nothing about spoofing targets and initiators that makes SOA-style data management problems go away. Sure, virtual storage makes the containers easier to manage - and BTW, I'd gladly put EqualLogic's management model up against Hitachi's any day - but virtual storage doesn't provide file-level functions. Service Oriented Storage is an exercise in Service Oriented Spin. It has no real substance.
The best storage infrastructure for SOA turns out to have the same characteristics as storage for anything else: high availability, effortless scaling of capacity and performance, flexibility to change/move resources when necessary, and low cost of ownership.