Cloud computing advocates beware: Apple’s cofounder thinks you’re nuts.

Holding forth in Washington last week, Steve (Woz) Wozniak said, ” ‘I really worry about everything going to the cloud. I think it’s going to be horrendous. … With the cloud, you don’t own anything. You already signed it away’ through the legalistic terms of service with a cloud provider that computer users must agree to.”

I will admit to not being familiar with all the various cloud IP agreements. But if the Woz is correct, this does suggest a serious wrinkle for those who see the cloud as a panacea.