Problem with cloud computing is that data loss affects a lot more people and the user (me) is at your mercy to get it back. That just happened to Ma.gnolia . It's a service like de.licio.us where users can post their favorite bookmarks. Personally, I don't see how that's a big loss ... but now I now want to know how Google Docs, etc., could be affected by such catastrophic data loss.
Resulting Cruel new term = "Fog" computing.