EUCALYPTUS: a Tree Growing in the Cloud
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From the Linux (and Linux Journal) perspective, there's an issue with clouds—those back-end Web services that compose Utility Computing. They're proprietary. Amazon owns AWS (Amazon Web Services: S3, EC2 and a growing number of others). Google, Microsoft and other companies own theirs as well. These are open in the sense that most services are substitutable, which makes them utilities. If you don't like storing your data at Amazon's S3, you can park it elsewhere. The documents you create and keep at Google Docs can be put elsewhere as well. Elastic computing is more tricky, but it should be substitutable as well.
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