The Sun/Amazon cloud may be announced soon. Sun CEO Jonathan Schwartz delivered a short keynote at Startup Camp in San Francisco, an adjunct event to the JavaOne Conference. According to Om Malik at "buzzya", he let on to some interesting cloud computing news coming out later this week.
Important Article on Cloud Computing and Jeff Bezos from Amazon
More on the Sun Cloud, know as "Project Hydrazine"
"Project Hydrazine is slated to deliver immersive, creative experiences in the cloud via services. Rich Green, executive vice president of software at Sun, told me that a storage service, similar to Amazon's S3, would be available later this year. The company is also working on tools to make it easier for developers, as well as consumers, to mash up applications.
Sun CTO Robert Brewin described the emergent Project Hydrazine as a combination of Amazon Elastic Compute Cloud, Microsoft Live Mesh and Google Analytics."