Here is a pretty good post about How the Cloud will change music production forever:
"The last few years have seen the emergence of online music production services and tools such as Indaba, Audiotool and Soundation that offer artists and producers the chance to record, edit and mix tracks from within their web browsers rather than using installed applications.
Aside from being incredibly impressive and a lot of fun I feel this new technology offers some considerable benefits for music makers of all levels. Here’s a few of the more prominent ones…" How the Cloud will change music production forever