I'd love to see it (sort of), but Apple has pretty a pretty piss-poor record of doing well anything in "the cloud". If anyone could get it right, it's google.
I am super skeptical of any company that spends a lot of money to break into an area that isn't in their 'core competency'. Apple has shown they only know how to offer online services for a high subscription rate. It'd be interesting to see if they can offer anything decent for free or a low price point.