What is it exactly? Check out the video below and see for yourself... Also watch a video WAY back from 1997 of Steve Jobs explaining his vision of 'cloud computing'... (he really was a visionary afterall).
It will be available October 12th and your first 5MG are Free!
Additional storage space will cost extra... 10GB/$20/year, 20GB/$40/year and 50GB/$100/year...
A clip from his famous 1997 WWDC Q&A in which he lays out his vision of cloud computing.