Things have been rather slow as of late, which is nice, as they were painfully busy previously.
CIO.com has a nice article that points out some of the probably flaws in cloud computing: Cloud Security: Danger (and Opportunity) Ahead
In theory, cloud computing is a fine idea that has the potential to lower the cost of a CPU cycle dramatically. The thing nobody is really talking about yet is keeping your data secure. Right now, it would be rather unwise to presume that anything you send to the cloud won't be compromised in some way. Securing a highly multi-user environment such as this is going to pose a huge challenge. Problems nobody has even though of are going to emerge, and will take a great deal of cooperation and understanding to solve them. This is one of the places that Open Source style collaboration will prove to be highly useful.