*nods at billtech*
Points 1 to 4 and 6 can be said about local data and programs also.
5 is the major point for me being against cloud.
7 - depends on what is called gaming. Farmville gaming? FPS gaming? WoW gaming? Rendered elsewhere and streamed video Gaming?
People tend to wish for WoW. Also Facebook made another example of why social gaming will go strong. FPS with online servers is a pain, yes. Those few milliseconds make a difference in headshot. And I am totally against streaming commands up and video down for games, unless those are totally conversation games (dragon age conversation type) and no action. Still it's stupid with all the hardware we got these days. We would need a lot lot lot of bandwidth to stream the quality of current graphic quality on gaming computers.
8. Software if it's free, Linux, Open Office, etc. yes, can be carried along. If it's by licenses, Autocad, MS Office, etc. (most people can't find regular commands on normal programs and call tech support for those), it can't work that way. Most of the people would chose the easy way always. And that leads generally to people not exercising their brain as much and ending not able to click yes or no when a web page tries to install an extra toolbar or malware.
http

/www.imdb.com/title/tt0387808/
Normally I would let people have their clouds and let me live my offline life/work. But, if everybody goes to the cloud as they are trying to scare us, that means fewer demand for high end hardware, which will produce lower prices at first with more supply, but then higher prices as mass production would not be for it.
I doubt it will happen, but it's always a possibility.
I know cloud is here to stay. I just wish the price for people like me and you is not as high as predicted.