Maybe a little research/sanity here ...
I do not work for LastPass, but I am a long-time paying customer.
1. Before you start bashing a cloud-based password manager, do your research ...
Nothing (except maybe meta-metadata) is stored in the clear in the LastPass cloud. Once you authenticate, the encrypted blob is downloaded and decrypted locally on your system. If you add a site, note, whatever, again, it's encrypted locally and then added to the cloud blob.
Show me a cheap, roll-your-own password solution that supports multifactor authentication, one-time passwords, secure password sharing, and rollbacks, and I will buy VC stock in the company.
2. Downtime this (for me) morning was pretty annoying, no lie ... but in 4 years this is the FIRST time I've ever experienced any hassle ... so for a darn cheap system with an offline fallback, this is pretty darn good. About the only thing I'd ask LastPass product management to do is to put in a "manual offline" option to force using the local copy ... but that has its own security issues as well.