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Well,

Looking at it from my personal viewpoint:



I can think of quite a few instances where it would probably be far more secure. Basically small operations where they don't have the...

Not really, I think for "magic" you should read "bullshit".

As I pointed out earlier, the whole concept dates back to the early 1970's (I am not old enough to go back further than that:halo:)
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You might like to read this:

http://news.xinhuanet.com/english/2009-07/16/content_11717437.htm

Yes, it is all about trust and competence..............governments, banking systems, retail...

Funny things clouds...........they are woolly, fuzzy, and obscure your vision. But, every one of them has a silver lining, or so the saying goes.

At least that seems to be the hope of Google,...

The main issue is likely to be that you are putting control and security of your data and processing in the hands of a third party (that includes business continuity).

Technically I don't see much...

Ahhhhhh! "Cloud Computing"..............."The Cloud".............it's so trendy, so hip, so "Now!" isn't it?

If I might paraphrase the film "Apocalypse Now"............"I do love the smell of...