Apple's big iCloud announcement: 3 takeaways

Apple CEO Steve Jobs rolls out a new cloud-based service that lets users store and sync their music, photos, and other documents. Is it a game-changer?

Steve Jobs
(Image credit: Justin Sullivan/Getty Images)

Apple has added a new "i" to its product lineup. On Monday, Steve Jobs briefly interrupted his medical leave of absence to introduce the company's much anticipated iCloud service. The (mostly) free internet-based service, to be released in full this fall, will let users store their music (and other files) online, and automatically and wirelessly sync their various electronic devices. Here, three things you need to know about Apple's iCloud:

1. The cloud will kill your hard drive

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