Some useful conservatism on the cloud threat to M$.
I think the cited report both overplays the real problems of switching from M$ Office, and is slightly disingenuous - I mean even if you think the cloud is going to be huge, you still think there's going to be a mix of cloud and locally hosted services for the foreseeable future. But that dodges the question of the combined effects of SaaS AND free-software AND Apple AND Adobe AND local caching for web-apps. Yes, hosted office apps are not going to replace the requirement for local apps. But if Google Apps. play well with Open Office and can be run locally on Gears on occasions when your connection drops, you can have an excellent company-wide standard which provides everything you need.
Nevertheless, the report might be right about the real human reluctance to shift.