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I plan to use Amazon's Cloud to store mostly audiobooks; and possibly a few videos for vacation. I doubt I'll ever use it for ebooks or music. My Kindle has more than enough room to store an ample assortment of ebooks; and if that isn't enough, I can always tap into the Kindle Cloud to retrieve more. As for music, my iPod touch can deliver cloud music via AOL Radio, TuneIn Radio, Radio.com, Pandora, etc, anytime I'm near WiFi.
Clouds are nice, and I've been using them for years.
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