Cloud computing has its uses. I would not use another Company's hosting for business information but rather host the data on my own Company's servers accessible via a VPN.
I prefer to either have a physical product (CD/DVD) or a file on my local computer accessible at any time with or without an Internet connection; the option to download the product again is convenient, but I want the entire program locally without fees or the need for an Internet connection.
Regarding movies, the option like NetFlix is fine for movie rental, but if I want to own the entire movie, I'll buy a physical copy; there's no way I'm wasting my time or bandwidth waiting for a 8GB+ file to download when I can go to my local store to buy a professionally burned DVD/BlueRay.
Cloud computing is simply mainframe systems, thin clients, Citrix, and the likes of Outlook Web Access repackaged with Digital Distribution added to the mix. Accessibility is great for businesses as they get more revenue from monthly fees, but, as with any other product or service, buyer beware.