Cloud Computing

With Web 2.0 and Cloud Computing really gaining in popularity I was wondering what people thought of the whole "cloud" concept. Basically, it would be an environment/infrastructure that would all be online. Of course the definition of Cloud Computing is open for interpretation. Below are two interesting articles regarding this concept.

http://www.infoworld.com/article/08/04/07/15FE-cloud-computing-real...

Definition
http://en.wikipedia.org/wiki/Cloud_computing