[bborud]

I don't think the worst consequences are in people moving their data off services now -- the real impact is how this affects long term IT strategy. Even small changes to the slope of the adoption curve now will result in massive accumulated losses over time.

A lot of companies with a lot of data are asking themselves whether or not to put that data in the cloud. Storing data in the US right now is a bit like suggesting you store your confidential files in 1980s Soviet union -- only, they would probably have been a lot safer in the 1980s Soviet union.