Come on guys I'm sure most of ye have already far more info on the net that ye think ye already do.

@ chrishdman87:
I wasn't looking form an all Buisness point of view. My main example was College where it's incredibly useful. Who gives a shit if Microsoft have an essay you wrote as you'll be probably publishing it anyway in a thesis if it's any good.

As for the personal "pirated" stuff I don't see this as a problem. As internet speeds increase and everything becomes cheaper nobody will download as much as they do. We'll watch, listen and play way more via streaming. Anyway what sorta hosing do you think it going to store a few hundred gigs of Bluray movies and music anyway. They'll try and charge you if you go uploading that much. How long would that take to upload? Cloud hosting is more geared at small documents you want quick fast access to. I don't see any point in the first place uploading hundreds of gigs of copyrighted material to a personal account that could get you in trouble when it's already uploaded hundreds of times and it's just a matter of downloading it from a warez site.
Think of cloud hosting for stuff like college work, photos, scripts, etc.
Here's another example that's not college related:
imagine quickly throwing a movie of you and your mates at a party up onto it from your iPhone to free up some space while your on holidays that you don't want to put on youtube. Its there later for you to redownload when your at home and do what you want with it.

If you consider more what it can be use for and it's ease and benefits you'll see you will end up using it even if you say you won't. It's basically just an advanced form of email anyway.

Anyone saying they won't upload something small and insignificant to a company because of privacy but has a Facebook account where they have huge friends lists, photos and personal details is being hypocritical.