I wonder how this will affect iDisk. Does that go away with MobileMe?
My guess is that the iCloud will replace the iDisk that is on the current cloud.
It's taken a year to get people used to the Pictures folder change, (cough cough NG4) now they want to convolute it again? Hopefully it will be more user friendly and the file paths and folder permissions will work like accessing a hard drive or any other online disk space, drive/folder of your choice path/repeat. But I doubt it, they must protect us.
Edit - That seems like a bit of a rant but remember the stupid .Pictures thing too?