i am a little hesitant about the i-cloud; having all that info floating around would make it cake for hackers to steal info. someone i know, already knows how to do it.... :frown:
Yeah I think privacy is the strongest argument for personal clouds vs centralized services like iCloud. It doesn't help that iCloud also offers the ability to track your devices directly in realtime.
Apple's record has been pretty good, but it's hard to trust them when so many large financial institutions, retail outlets, and consumer electronics corporations like Sony have all been hacked and details leaked. The way I see it, it's a question of "when", not "if" when you have such a high value target.
Then again, I think people already freely give up so much of their privacy already on forums and social networking sites...