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I certainly wouldn't put anything secure there (anything that I wouldn't want to see on the front page of the New York Times doesn't go online, period) but it does look useful for storing things like my books-wanted list so I can access it from my netbook, random other people's computers, etc., in the event that I don't have my ebook reader with me.
As for the MP3s ... can you download them to your computer normally after storing them online? I like the idea of online storage (I buy a fair number of songs from Amazon) but I wouldn't want something I couldn't play on my car stereo.
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