I wonder in all these changes going on any day now if Apple is going to tackle the thorny issue of current TV content. What is sorely needed IMHO is a subscription model rather than only for rent? That is surely the future of TV, streamed to any device on demand the same day as the show comes out for a reasonable monthly fee. Perhaps with or without ads at two prices.

Any computer, being not absolutely infallible, it behoves each of us to backup, duplicate and sometimes even backup our backups. Now we are acquiring a wider variety of devices. With SSD high speed storage become more and more prevalent, capacities are quite a bit less than with rotating disk storage, something dramatic is wanted and needed for mass storage, convenient storage, fast data transfer and easy syncing.

Also with the advent of Thunderbolt, especially in Apples' powerful note books MBP, and desktop, iMac. Yes there is the Mac tower. Coming is Macbook AIR with thunderbolt. Perhaps even iPad2 or the next generation model, don't know when ... but I think it is fair to assume reasonably soon.

Apple has been preparing for the eventuality of cloud storage, distribution, syncing libraries, etc.
This means wireless, but most wireless is slow and expensive when dealing with large backups. The huge facility in North Carolina ... more being developed on the West Coast and perhaps other countries as well (don't know much about the latter, but it would be fair to assume Apple has a long term plan).

So by investing in the domain name iCloud, and all that will come to mean ... by working with content providers for Music, Movies, TV, Radio, etc. ... it will be exciting to having a technically advanced infrastructure, that is EZ to work with and use, and hopefully economically reasonable. Free is not thinkable, since we live in a capitalistic society. Major software developers are on board and are coming up with wonderful apps.

Just my overview and observation of new and exceptional performing mobile and desktop computing devices. FWIW ... looking forward to June 6 announcements

If what has been said is true. (That Apple will scan our iTunes libraries and have it available for us in the Clouds).
This also means that Apple will have ways to scan our entire stuff. (Videos, Pictures, Files, Music, & Movies). But only if we give them permission to do so.
It will take a lot of Trust. (I am trusting of them) But mainly because this would be Hugh. No more worries about where I have them stored. No more worries about not having enough capacity.
It will be a little scary about some stuff. But without that trust, we would not progress to the Clouds full potential.