The "cloud" is being promoted by the same folks that once promoted "Internet push" as the next great technology.
The biggest cloud users on the planet are the ones with a vested interest in the concept (although there are certainly some legit corporate users out there as well - but they are all foolish).
Yeah, I’m against just about anything that has centralized in it.
Centralized data, government, distribution, etc. Failure at that one point is failure of the system.