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I've been using cloud data storage for a long time, and you may be using it, too.  At a previous employer, we used LiveVault for near real-time offsite backups.  I have several hundred megabytes of mail stored at Google.  You are probably storing mail with your provider.  We're already in the cloud, with only a password between us and the public.  If you use Mozy or Carbonite, both of which I recommend for personal use, your PC has been duplicated somewhere "out there" or "up there".

I just signed up to use ADrive. They offer 50 GB of free storage.  For a few extra bucks, you can get automated backup tools.  I'm not exactly sure what I'm going to do with ADrive, but I thought I'd check it out.  In the process, I've begun defining my ideal personal or small business cloud storage solution.  It would offer

• PKI encryption using the openGPG standards
  The process of sending to the site would encrypt with my GPG public key. Thus, only I could decrpypt data when downloading it.
• Two factor authentication
  Access requires both a password and a single use code sent via SMS.
• Crossplatform support
  Windows, Mac, Linux, with command line tools and, in the Linux world, support for rsync

What do you want from an inexpensive, comsumer cloud storage solution?