Cloud Computing: Good or Bad for Open Source?

Cloud computing: you may have heard of it. It seems to be everywhere these days, and if you believe the hype, there's a near-unanimous consensus that it's the future.

Actually, a few of us have our doubts, but leaving that aside, I think it's important to ask where does open source stand if the cloud computing vision *does* come to fruition?

Would that be a good or bad thing for free software?

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