What do you guys think? Will cloud hosting pose a threat to traditional web hosting models?

With Google[COLOR=blue ! important][COLOR=blue ! important][/COLOR][/COLOR], Amazon, IBM, etc now entering the cloud computing[COLOR=blue ! important][COLOR=blue ! important][/COLOR][/COLOR] business, business gets even tougher for small scale hosting providers. Pretty soon the big boys will have their technology ready and will give out free cloud computing space (say 1 or 2 gigs) and charge the heavy users.