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Cloud v. Fake Cloud

It's no secret that NetSuite has painted a giant target on the back of Microsoft Dynamics, specifically GP. Now they are claiming that Microsoft doesn't really offer cloud based solutions for their Dynamics products.

What do you think? Is one cloud better than the other? Personally I think it's all ridiculous marketing talk by Zach Nelson (CEO of NetSuite), but I'm curious as to the opinions of others.