Nick, you make some very valid points about the rationale for a hybrid cloud future for most enterprise organizations, but given the latest market insights it would appear that public cloud will continue to gain the lion's share. This week I've been observing keynotes and commentary coming from the Amazon "AWS re:Invent" show and the Gartner Symposium "ITxpo 2015" -- it's becoming clear that the majority workload share of hybrid cloud scenarios will be dominated by public providers. As an example, GE says that its new focus on Digital Business will mostly be hosted in public clouds, and only the few exceptions of highly proprietary applications and associated data will reside in their private cloud. If the GE CIO can't compete with the hyperscale economic model of the public cloud providers, then it's likely that others may reach the same conclusion. Granted, only time will tell...