Along with the outcry after Google’s announcement to kill their popular Reader service, people have started to realize the danger of using online services. Yes, they’re incredibly convenient, and they’re often free, but they do have a cost all the same. That cost is risk: online services are outside your control. It follows that any data you place in these services are also outside your control!
Essentially, we are trading convenience for risk. How much risk are we willing to accept? Have we ever considered how much risk we can afford to accept?