Apple today introduced iCloud, a set of free new cloud services that work seamlessly with applications on your iPad, iPhone, iPod touch, Mac, or PC to automatically and wirelessly store your content and push it to all your devices. iCloud services include new versions of Contact, Calendar, and Mail; iCloud Backup and Storage; Photo Stream; and iTunes in the Cloud. And for just $24.99 a year, iTunes Match will give you all of the benefits of iTunes in the Cloud for music you haven?t purchased from iTunes. iCloud will be available this fall, along with iOS 5. A free beta version of iTunes in the Cloud is available today in the U.S. and requires iTunes 10.3 and iOS 4.3.3.
Source: http://www.apple.com/icloud/?sr=hotnews.rss
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