For that price, I can get a dinky notebook with actual storage. And wifi. Why pay Google for something I don't need?
And all the other comments above. Trust the Cloud with my data? Many corporations are betting on this business case - until they are sued for malfeasance for off-shoring data, when security and compliance people tell them NO.
I live in a place where 3G mobile internet is atleast reasonably good. Speedtest.net shows around 2-3Mbps speed on my phone on average. But still, very frequently my connection gets disconnected when I travel in trains or when I am in some malls. So I dont see a fully cloud based system happening very fast.
I've had my share of experience with cloud services. They are neither fast enough nor reliable enough for business use, and I'm not sure I want to trust my corporate data with a company or companies that might be bought out by some competition next week. Also some of the big guys offshore services from time to time because it saves them a buck and then they find out that the laws in those countries are adequate to protect customer information. If the banks can be bitten by this, then no one can convince me I won't. NO THANKS, I'll manage my own data.
Let's face it, as a user group, we engineers tend to the nerdy side (whether it's digital or analog). Speaking personally, I'm 20% insulted, 20% patronized and 60% nonplussed when someone comes along to 'simplify' such a product for me. The result being that they remove things I need or want, and replace them with nothing but marketing and a pretty logo. My 3-year old Lenovo X61s restores in a few seconds, gives me a real transatlantic flight's worth of working battery life, and still runs stuff I wrote on an original IBM PCXT courtesy of the rocky but traceable Windows family tree. It backs up to 'the cloud' and runs Chrome as a browser. The only thing I want back is my Acer tablet's Wacom stylus for freehand circuit diagram stuff, and I'm totally sorted.
Rumor has it Google is about to become a carrier and PC provider, launching this morning a Chrome OS notebook that works solely with cloud apps and services. It has an SSD card but no hard drive and a tamper-proof file system. It will be sold for a $20/month data plan with the notebook prpovided free. Would you buy it? Why or why not?