Why the cloud is bullcrap

Yeah I said that, I've spoke at conferences in support of cloud computing, and even helped lauch some cloud ideas at IBM and Navisite, but man it's becoming a cliche already...so many meaning it's become like cellular carrier claims 1g 2g 3G 4g omG! Since there is no real governance to claims to the otherwise I'm going to start a new paradigm called Universal Enterprise Open Heterogeneous Computing. See I used big words but I can't make an acronym so I'll need to try again? How about Inter-Galatic, Virtual Autonomic Network Homogeneous operating environment or IVANHOE..I like that it's was a 1960's tv show sort of poor robin hood rip-off, and well the moment Cloud computing started it was then called mainframe......