Cloud Computing Conundrum

I am listening to the "Cranky Geeks" podcast #174 on 7/8/09 (here's the iTunes link to the MP3 audio only edition... they also have video podcasts as well), and they started to discuss the potential disaster of having your info in "the cloud", as well as the fact that you don't "own" your information in a sense, or at least that these services have access to your information (no matter what the privacy agreement states). One of their comments was that Google has more private/personal information than the NSA.

For the disaster part, they discussed the threat of someone targeting these "mega-hubs" where these datacenters and backbones are located, and the effect this would have on the country. I think there is some validity to this, but I feel like there is a decent amount of redundancy and fault-tolerance in this day and age. I see their point though. If you lose your internet connection, how do you retrieve your data?? If the company you have this data with folds, where does it go??

Because of my mobility and want for having my information everywhere AND always in sync (so one device doesn't have the latest copy when I'm not at that device but need that data), I have started to try and move ALL of my computing data into the cloud with services that