Thoughts on Google Docs

Tom Taulli asked me for the BloggingStocks interview, what I thought of Software as a Service. Like Google docs. My answer never made it to the article, but I kept thinking about the question.

I have a theory now, a litmus test of online services if you will. Imagine the following scenario:

You have spent 2 weeks preparing a huge presentation for a client. As you leave your office to meet the client, you have two options (you can't choose both, for the sake of argument):
1. You can store the presentation on your laptop and launch it directly from there, or
2. You can store your presentation in google docs, and launch it directly from there.
Which one do you pick?

Today, I cannot imagine anyone picking option 2. What if google docs is down? What if you can't get an internet connection at your clients offices? What if you forget your login? On the other hand, you run the risk of having a hard-disk crash, or having your laptop stolen. Yet, I think I know what choice I would make...