What is Cloud Computing, anyway?

At a recent computing conference in San Francisco, 20-odd CEOs and founders of cloud-related computing companies couldn't agree on what Cloud Computing was! Never mind that Dell would like a trademark on the term, it seems to be used most often as a cure-all for all that ails the computing world. However, as someone who is trying to define cloud computing in a way that truly meets my customer's needs, I'd be curious to know what people expect from the cloud: essentially, letting the people it is supposed to serve define the term. I have my own ideas which show up on this  website, but I'd like to hear yours.

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