They are pushing their cloud solutions to businesses pretty heavily, it is a pretty good idea given the reputation of the amazon data centers.
You would want to read up their data storage policy though before you start loading your private documents onto them
If you have a hotmail account you get 25Gb free with your live account
I use their S3 service, but only for website backups - I run cron jobs to mirror servers there a couple of times per day. I think I have around 35 gig on there usually, never had a problem with it and it is dirt cheap as well.
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