I see one really positive point in cloud computing and that is that I can soundly sleep at night :)

Of course, cloud is overpriced, slow, and suffers from noisy neighbors. And keeping things running in the cloud is about the same amount of work as keeping it running on bare-metal. But for customer-visible things, I want to use cloud so that someone else has to get up in the middle of the night when apache crashes.

Sleeping peacefully makes it worth for me to pay $5,000 monthly to Heroku when 2-3x $100 bare metal servers would do. Plus I can cheaply insure against supplier negligence, whereas insuring against employee negligence would be much more expensive.