So, ask yourself: if Microsoft were replicating the files on your home computer on their servers instead of Google, how would you feel about it?
I don't know how I feel about the issue yet...there are advantages to having a company that is full-time responsible for enabling ubiquitous access to my data. They can worry about backup, network availability, provisioning for storage, etc. But I also think it's worth worrying about having a single company storing your data in one place along with everyone elses as it makes it way too easy for them or any NSA schmuck to go poking around in it.
It's conceivable that your data could be indexed in such a way that _only you_ could search it, but that takes away all incentive for Google to be involved because then they can't target you for advertising. :)
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