Prior to learning about this new billing method for DSU, I could make the argument that using Stretch Database would be a very cost effective method for storing cold data (unused data) into the cloud. By stretching this data into Azure, you could migrate a large portion of older data, which would decrease the size (and thus cost) of your local backups. In the event you had to restore a database, you would simply have to establish the connection to Azure for the stretched data, thus eliminating the need to restore it. However, with the minimal cost being nearly $1,000 per month for the low end DSU scale, many organizations will find that it is much cheaper to retain the data on a less expensive tier of storage within their data center and find other methods for HA such as mirroring, log shipping, or Availability Groups.
Read the whole thing. Maybe V2 of stretch databases will fix some of the biggest problems (the cost, needing to pull all of your data back down before you make any schema changes, etc.) and become a viable feature, but I can’t see it being one today.