This week, I posted some thoughts in response to an experience (slightly negative, I suppose) with cloud computing.
Bruce Schneier has done the same thing on his blog.
His analysis, of course, is much better, but his conclusion and mine are not too far apart:
Be careful who you trust, be careful what you trust them with, and be careful how much you trust them. Outsourcing is the future of computing. Eventually we’ll get this right, but you don’t want to be a casualty along the way.