I don't like the basic concept of the cloud, it doesn't make any sense if you think about it.  It's just adding another few levels of processing between the user and the software, and if everything was in the cloud, most people would have monthly bills so high they couldn't afford it.  Take that forty or fifty dollars Adobe is talking, and multiply that by the number of programs you have and use.  It won't take long and a month's fees will equal a month and a half of income.

Then the inevitability of the mainframe going down, now instead of one computer down, you can have millions down, probably with a technical staff that really doesn't care how long it's down.  As in, when was the last time your phone was off for several days?  Did the company reduce your monthly charge for that?  OR, like one ISP I had, Friday night everything was fine.  Saturday morning the system was down.  Monday morning it was back, but the monthly charge stayed the same, a big, "Sorry about that".

And my gut feeling is that hacking into the cloud is going to be childs play for the hackers.  NOthing you have there will be your own, it will be open to the world.

The "I" in Doric is Silent.