I particularly don't grasp why the industry is trying to attach cloud computing to netbooks. It's completely missing the point of both. The primary advantage of the cloud is that everything's theoretically available from any computer as long as it's connected to the Internet.

That's most beneficial when you have a couple different desktop (or otherwise mostly-stationary) computers you move among, since they're hard to move and they're almost always plugged into a network.

That's least beneficial when you have a tiny computer that fits in your purse so you can take it and use it pretty much everywhere, including places with limited or no Internet connectivity such as buses, airplanes, and the city park.