Microsoft reveals "Microsoft Azure"

Windows Azure is part of a set of new and existing technologies behind the Azure Services Platform, a development and execution platform that runs end-user and corporate software on Microsoft's own servers, accessible over the web. It joins Google's App Engine and Amazon's EC2 in an increasingly competitive market.

[Via ZDnet]

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Although,  There isn't much more they have said I am quite curious how they will interegrate this into the cloud computing.  According to Microsoft, it won't run on the company server but  Microsoft Datacenter.  Now this I can see is a big security problem.   Because most companies use what they call an Intranet and not the internet.  So that leaves questions on if companies are going to use this system or not.   Are you ready to let your information float somewhere over the inernet tht is SENSITIVE and CONFIDENTIAL?   These are the questions that Microsoft will have to Answer, before any company will use this on there systems.