To Dropbox or not to Dropbox – that is the burning question

I found out via a tweet from Junita that a request to investigate Dropbox has been submitted to USA Federal Trade Commission. Could this be the end of Dropbox?
So off I went searching for more information. I looked at what Dropbox was saying themselves and what a few others were saying

If cloud storage is going to be affected by worries of file security I wonder how that will affect the uptake of the soon to be available Chromebook computers. These look like nifty lightweight computers that will offer lots of advantages over our desktop machines. However there may be a downside because the use will be goverened a subscription payment and cloud storage.
I like what Dropbox can do as regards to easy access to files and I hope that I can continue to use such a service for free with confidence that my privacy is not compromised.

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