check also GlusterFS
Edit (Aug-2012): Ceph is finally getting ready. Recently the authors formed Inktank, an independent company to sell commercial support for it. According to some presentaions, the mountable POSIX-compliant filesystem is the uppermost layer and not really tested yet, but the lower layers are being used in production for some time now.
The interesting part is the RADOS layer, which presents an object-based storage with both a ‘native’ access via the librados library (available for several languages) and an Amazon S3-compatible RESP API. Either one makes it more than adequate for adding massive storage to a web service.
This video is a good description of the philosophy, architecture, capabilities and current status.