What is iCloud...
Summary
Announced June 6th 2011 , The iCloud is simply a vitual media storage for all your content. Enabling users to wirelessly sync and back up content such as : Music , Videos , Photos , Documents and much much more. When anything changes on your devices all of your devices will update automaticaly.
For further information:
http://www.apple.com/ca/icloud/#video-icloud
http://www.esquire.com/the-side/feature/what-is/icloud-apple-rumors-5841565
Storage Options
When you Sign-Up you recieve 5 gigs of free storage . When your purchase music , apps , books and T.V. shows as well as your photo stream don't count against your free storage. Since your mail , documents , camera roll , account information , settings and other app data don't use as much space you'll find that 5 GB goes a long way. If this isn't enough for your needs , you can purchase additional storage straight from your device.
Since October 2001 , iTunes has been Apple's main synchronization hub. Now thanks to the iCloud we will now be able to break free from that white wire that we plug into our computers. No longer will we need to be synced to one computer thus enabling you to add music wirelessly.

