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Hahahah, OK then. Obviously you have a vested interest in seeing the "cloud" go forward, whereby I have a vested interest in my clients best interests. C'est la vie. You sound like some others that have tried to sell me on this.
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Actually, I honestly don't care if the cloud model or the internally owned & operated model (or some combination of the two) ultimately wins out. I too have a vested interest in recommending the best possible option for my clients, and for many of them, a cloud computing solution is the clear winner.
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I think when I received one of these companies highest honours, it came with a "Yes, You ARE Informed" T-shirt... I will have to dig it out.
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I'm sure you're very well-informed about many things, and I'll happily defer to your superior knowledge and experience in areas where your expertise exceeds mine, but you very clearly have some outright misinformed views of cloud computing. There's nothing wrong in admitting you're not an expert in all areas.
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You might be looking at it from just the IT side, but I am looking at it from many avenues like Clients, Operations, Customer Service, Finance, Security, Stakeholders, etc.
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Those are exactly the same criteria I use when evaluating technology solutions. I work as an analyst, not an "IT weenie" as you described it.
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The "Cloud" as a concept is one that I cannot endorse.
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Let's see how much your views on this matter evolve over the next few years.