Agree on the services-oriented strategy for cloud storage by vendors like Google.
That said, I've uploaded hundreds of albums to Google Music in lossless flac format and, while far from a perfect solution, it has been fantastic to be able to access my music from anywhere with wifi with cd quality. And <currently> free.
I got all excited about this until i found it wasn't available in the UK :\ Is there any alternative service for streaming lossless audio to an Android device, even if it's just from a computer on the same wifi network? I'd love to be able to access my external hard drive's music/vieo from my desktop while I'm at the other end of the house.