Cloud is a distraction to IT's day job
This started as a comment but I made it a post - it is important. I've talked before about how IT Management is 1% innovation and 99% perspiration. Innovation is not our day job. For the small number of IT people who are in charge of conceptualising new services or setting architectural directions, then Cloud is very exciting. In some cases it is even relevant to them.
For the rest of you, get back to work and stop looking over on that far horizon just because it looks cool - we have a business to run.
You're an undisciplined rabble of kids who run out the gate to dance shrieking around anything shiny or noisy that comes along the road. If the Cloud is coming to us, the CIO and the architects and the designers will let us know soon enough. If you wanted to play with the cool toys you should have studied harder in school.