Well I don't think you are missing anything. Here are the two main issues I have with all cloud based apps:
Originally Posted by Aspen
Lack of Access (I live where internet is not ubiquitous)
Lack of Security (No server outside of my control can ever be secure)
I can see the need for additional backups, but I do that by having hourly backups on a RAID server I control, plus 2 copies on thumb drives one in each of 2 separate media rated fireproof safes located in 2 completely different buildings. Additional archive data is on burned in gold master CDs also in the media safe.
Oogie McGuire - Mac, iPhone & Omnifocus
OogieM on Twitter
Paonia, CO USA