Originally Posted by David Munch
It really depends on where you live. No matter how nazi an EULA is, it doesn't count at all in a court, here in Denmark. Companies have to follow danish laws for data and privacy protection, and not their own made up rules.
Are the danish courts going to pay to keep a cloud server going if the company goes out of business? Who indemnifies the victim if soem kind of trade secret stored in the cloud is stolen by an employee of the cloud company? Once the damage is done, it's done, and some bells can't be unrung.
The cloud is a tool, but not the only tool of all tools. There are times and places for it, but Woz is correct: if it's not on your computer, it's not really yours.