I am worried... Very concerned... The Woz is in trouble, he's on the Cinnabon Express Bus headed for heart attack city. He needs an intervention.
His views on the Cloud are, well, a little simplistic.
It doesn't seem like the Woz can tell the difference between consumer-oriented cloud application services (iCloud, Dropbox, Gmail) and infrastructure services such as Amazon AWS and Google App - which actually provide 'economies-of-scale' benefits over owning and managing one's own servers. This is particularly true if the consumer is a small business with no IT department.
Woz, scale back on the sugar, Trans fats, and hype. The cloud is only as evil as the companies that build/provide the services.