You folks aren't seeing the big picture here. It isn't as much about the cloud IoT as it is about you local house LAN. Imagine everything you buy from furniture to toothpaste is automatically meshed into your house LAN, you can do anything from identify when the toothpaste runs out and it automatically orders more, to adapting your house's floor plan for the ideal placement of that couch you just bought before it even arrives. Anything that breaks, needs new batteries, or you want to keep track of will be meshed to your local LAN. That's the future.