Good responses, on the cloud front I'd say it being easier than SD card is sadly not the truth.
I have Dropbox, box.com, Google Drive, Sky Drive, etc... all of them have varying limitations and UI limitations, not to mention take forever to upload and sometimes download (depending on content) to be practical right now.
For example I have 8 GB of work out videos that I use on a regular basis. I can't easily put that on the cloud because choosing the right service and then paying for it is a pain, with all of the ongoing changes in cloud storage. And even if it was on the cloud, streaming it is a pain because there is no free wifi at the gym, data caps on most carriers kill the streaming anyway because I want to preserve my data.
So despite many people claiming "cloud cloud cloud" I feel it is an empty chant with no real substance behind it for the multi-media uses that many of us need the phones for. Cloud is okay for a document here and there, but not for the vast video and music libraries that many of us use. I even use Spotify and have issues with that regularly as well, despite the premium nature of the subscription.
In addition, it seems to hurt no one to at least have the option of SD support. If you don't need it / want it, it's not going to bother you having a tiny microSD slot in the phone. But for those of us who do want it, it's going to be a huge deal. Besides putting local media on there, we can use it to do Nandroid backups, ROM swaps, and more cool things. Plus, putting media on the phone is simple as copy / paste onto the SD card, insert into phone, done, rather than using some wifi interface / network interface to copy media onto cloud or phone that takes forrreeeevvveeeerrr.
I just don't see the negative of having a SD card slot. I do see the negative of leaving it out, since it turns off a portion of buyers like myself.