Some will tell you that it's a magic elixir that opens a new age of computing and business solutions and makes things possible that never were before. Others will tell you that it's a dangerous trend and that it cedes control of our corporate and cultural data assets to a faceless service provider determined to dissolve our privacy and likely to compromise our proprietary knowledge.
Neither is completely true and we'll see a shift begin from dominance by the latter myth to dominance by the former. If the two camps were tasked with carving up Grandma's best pie, the anti-cloud forces would by far take away most of the delicious calories.
From my observations, and given my opinions about what's possible with The Cloud, it seems that perhaps the division should be canted slightly in the other direction.