Cloud Computing

I was recently listening to Cnet’s podcast Buzz Out Loud, and the topic of discussion came to Microsoft’s new way to sync while cloud computing. As Tom was discussing the fact that the proposed 5 GB’s of storage would clearly not be enough, I thought to myself, why would you want to do this to begin with.  I understand the convenience of having settings and files online to be accessed from any computer, but isn’t there an inherent danger with keeping this type of information floating around on the web.  Not only would it present a security issue, but imagine the utter madness if the system were ever to crash!  It seems to me that you would want a physical format to store data to.  Most companies have public drives they use for general use, but to have basically all of your information and data floating around on servers is not my idea of secure data management. Maybe there is something I’m missing.  Overall all, I don’t think I would be comfortably with have all that data in a virtual space.