yep, only the circle has gone around a few times at this stage... remember the VAX / MainFrame.
Every few years, the whole idea of all stuff on the server is banded about under a new guise.
When do they ever learn that most (not all!) people want their stuff on their machine for a multiple of reasons. Security, accessibility etc.
Why build an online app only to make it an off-line/online app? Just put a plugin into MS or Open Office that syncs online. A Google version of .Mac as such.
Whats the next re-hash? Set-top boxes are the only thing a household will have?? Music rental will be the only way?? ha
the heart because of its irrelevance... ;-)