CNET:
The domain, which was previously owned by Sweden-based “hybrid cloud computing” provider Xcerion, was rumored to have been sold to Apple for $4.5 million. In April, Xcerion moved its cloud-based storage service from iCloud.com to CloudMe.com, however iCloud.com currently redirects to CloudMe.com
iCloud will most definitely be, in part, a streaming music service for your iTunes library and likely a whole lot more. Apple could replace my beloved free Dropbox (online storage and backup) in one fell swoop next week, though it remains to be seen if iCloud will also be free. It is easy to imagine Apple charging an annual fee for the service, much like they do with the current weakling, MobileMe. If Apple does charge for iCloud, it is quite possible they will at least offer some features free with OS X Lion or even offer an educational discount. A ‘freemium’ model could follow Amazon’s lead with Cloud Drive where that company now offers free storage of music purchased there but charges a fee for anything that is uploaded to the service beyond the 5GB limit.
All will be revealed next Monday at 10 am Pacific time.
via CNET News