‘Cloud storage’ is a new name for ‘remote storage’. Chromebooks are new dumb terminals. The old is new again.
I agree. It was annoying when the entire network was running 4mb token ring and Word took 5 minutes to load from the server. Now it's "move all your stuff to the cloud, access it anywhere", that is, until you can't because you're sitting in an airport without free wifi or you're 30 minutes outside of nowhere.