Jobs never changed his interpretation of things. He did in fact feel cloud storage was a feature and not a product, and that's exactly what iCloud is. For Apple it's a feature that will hopefully tie people in to their iOS devices. And with the likelihood that over time they will offer greater amounts of storage for free or a minimum payment, that's not good for Dropbox. I like Dropbox, I use it almost daily. But so far I've never actually paid for it. Same, so far, with iCloud. To Apple, this would be largely irrelevant, but for Dropbox, that's not so great.