Common Misconceptions on Cloud Computing

Cloud computing is a phenomenon that has hit the IT industry with full force. There are many advantages with cloud computing, but as always with new processes come many misconceptions. Cath Everett from ZDNet has recently looked at the 5 most common myths about cloud computing. Here they are:

Myth 1: Cloud equals SaaS, grid and utility computing
Myth 2: Cloud computing will take over the world
Myth 3: You can use competing cloud services
Myth 4: Flick a switch and your IT shifts to the cloud.
Myth 5: Switching cloud vendors is easy

Take a couple of minutes to read through the full post here. Are there any other myths out there?