[justinpirie]

Absolutely.

But I don't agree that PSN is Cloud- it's online. That's the whole point.

Where the name from vs what it is, are two completely different. The internet per se isn't cloud, and the cloud isn't the internet. It's a marketing term.

Plus we have to be super careful about what parts of the stack we're talking about. To be properly "cloud" is err what? It depends what part of the stack we're talking about. You seem to be talking about IaaS whereas most of the revenue and adoption is SaaS....