Computerworld - Cloud capacity provider Nirvanix croaked recently, giving clients two weeks to get their data out of there. I estimate that most clients would require two months or more to accomplish this. Some need two years. There is physics involved, unfortunately. The "Beam My Data Up" feature turns out to be fictitious. Go figure.
If you never contracted with Nirvanix, it's easy for you to think, "Well, serves them right for using a little startup. I would never do that!" Think again. IBM and HP resold Nirvanix. They put a lot of customers on that cloud.
Fortunately for many Nirvanix customers, it may not be catastrophic if they can't get their data out. The cloud provider mostly handled fixed file content, and 99% of the data was non-transactional -- and not the only copy. It was mostly cold storage. Nonetheless, some customers are screwed. And all will suffer in one way or another.