Here's a few links to some of the recent articles about his hotly debated topic.
For many it's a potential hard/software replacement model that could promise free computing power for all, but what really excites me about it all is the idea of a content cloud coupled with open social and data portability.
This would create an environment in which people take their digital identities (in the form of universal profiles) with them wherever they go, access a whatever site, service or application they feel like instantly have their entire social graph at their disposal, as well as all the content and tools they were using in previous environments.
Power to the little guy!
Anyway, have a read and make your own predictions:
http://www.itnews.com.au/News/76953,gartner-google-discuss-future-of-cloud-computing.aspx
http://www.businessweek.com/magazine/content/07_52/b4064048925836.htm
http://www.infoworld.com/article/08/04/07/15FE-cloud-computing-reality_1.html
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