For instance in the context of a service like gmail, why we should talk about "cloud" or say "SaaS" when it is as simple as a "web application"?
PaaS IMHO it's better translated as "cloud applications platform", or "cloud application service".
Finally I don't think IaaS is acceptable as it covers too much things, especially two things that I would simply call:
* Virtual Machine Service (EC2, Linode, ...)
* Cloud Storage Service (S3, Dropbox, ...)
Edit: yes... I used three times Cloud in the end, so at least for me the problem is that "Cloud" alone means very little.