What do you expect from the term 'CLOUD' ?

Now basically what features do you expect when you hear / read the term 'CLOUD' from a provider and not just people with RAID-10 SSDs on E5s / E3 clusters.

Most common thing people think is cloud means various locations and higher network speeds and IO speeds but what is it that you're looking for when CLOUD is mentioned ?

P.S This is the list I came up with

1. Various Locations
   
2. Faster deployment
   
3. 100% availability / HA with Failover IPs
   
4. Floating IPs / Reserved ones
   
5. Geo re-location at the ease of client
   
6. Hourly billing
   
7. Snapshots Cluster
   
8. True 10 gig / 1 gig bandwidth