http://www.youtube.com/watch?v=ae_DKNwK_ms
http://www.youtube.com/watch?v=hplXnFUlPmg
Will Cloud Computing Kill " Inhouse" Hosting v/s Third Party Hosting ?
Cloud Computing: Google already had several outages related to their Gmail services including for Enterprise Customers.
Cloud Computing with also increase the need for Internet Bandwidth Pipe as resources will be accessed from outside ur network, geography etc
Good thing about Cloud computing is Cost and Customization of Server Application based on customer needs.
What about security? You are expecting the Hosting guys to take care of your services security, just like Web hosting services.