More than a cosmetic change, in a dead-end market
One of the physical reasons that support the high bit densities of today's drives is the extremely short axle on which the platters (typically two, IIRC) ride. Today's drives are approaching or exceeding 1TB per square inch, which means one bit occupies a space approximately one millionth of an inch on a side. To accurately locate that bit, the head has to be accurate to about 1/2 that, or 5 ten-millionths of an inch.
Now you have an axle spinning little disks at 7200 (or 10,000, or 15,000) RPM. The longer that axle the more distortion is going to occur depending on even an extremely small amount that the mass of the system may off center. The axle will bend slightly, and there is a small amount of 'play' inevitably in the bearings that the axle rotates in. At these scales, there is little room for fudging.
This may all be fine - it may be possible to do. But it will also require substantial research and testing to develop what is effectively an entire new disk mechanical technology. For perspective, the two largest disk drive makers, Seagate and Western Digital, have been de-emphasizing (or outright elminating) there advanced research efforts. These companies don't see any future in disk drives, as today's SSDs have equivalent or higher capacity, equivalent or better reliability and lifespan, and no mechanical constraints. SSDs with capacities of 13+TB are being publicly mentioned, and higher capacities are reported to be in the labs now. For enterprise-level SSDs the write count limitations now exceed the projected lifespan of hard drives. As a clincher, I was told recently that at least one drive maker executive has said they see the end of hard drives within five years.
It appears that the last remaining hurdle for SSDs to completely replace hard drives in all applications is price, and that is following Moore's law pretty well. So all in all, I can not imagine any hard drive maker taking up this challenge - they would do better to convince Google to just move entirely to SSDs, and cut a deal with Google as a guaranteed buyer to supply the volume required, justifying a new, high efficiency plant that can bring production costs down to below the hard drive price.