I hope "cloud computing" dies. I prefer the software side.
Legislation will eventually be passed due to privacy concerns. Working in IT won't be fun or worth it then.
Plus as a consumer, I like to be in control of my information. Live Mesh is cool, but I wouldn't store anything important there. Google Docs are pretty cool as well, but I'd never write my resume there. Skydrive is sweet, but once again I'd never put anything important there.
With the exception of Mesh and maybe Flickr, no cloud service really has software + services down.
Note: I wish I was going, I want the sweet hard drive for school
