Google recently revealed the main ideas of the Google Chrome OS.

I like the concept with storing all (that means ALL) the data in the cloud. The cloud = a server somewhere in the world. (hosted by Google of course :-) ).

The trend is that all the applications will be in the cloud as well. In order to run applications and reach our data, we would need a device that can reach the Internet, it could be a PC, an iPhone, a Blackberry or whatever. With most of the CPU power in the cloud it would suddenly stop the hardware race for clients with faster and faster hardware and more and more harddisk. Everything is in the cloud! The hardware race is moved from the clients to the servers! 

To be realistic, we would probably want to have some data and applications locally and would probablay need some CPU and storage but it would anyway mitigate the harware race on our Internet devices. When I think about it, there is another hardware race going on about bigger, flatter and better screens. For instance 3D TV's are starting to show up. The Soccer World Chamionship will send some of the matches in 3D! E-Readers, flexible screens and so on is also here. Well, the hardware race is changed but not finished...