Crazy 64Bit Intel Atom Servers, TCO Should Drop, Who Needs The Cloud?

Why would I consider a remote Cloud Server Farm when I could have this? A local system will always perform better than a remote WAN based system. Hosting applications for Clients or storing Data, this looks to be the next generation of Servers.
The TCO (Total Cost of Ownership) for this type of hardware appears to be much lower than existing systems. Anyone using this system?
Cheers,
Devon Sowell
http://www.pdmsolution.com
http://www.3-ddesignsolutions.com
http://www.seamicro.com/