While Microsoft was a late entrant in the Cloud services space with Amazon already taking a lion's share of the work involved, it has definitely caught up some lost space in the past 3 years. Apart from MS Azure being a natural first choice for Microsoft shops trying to get their feet wet in the Public cloud space, there are some startups who are trying their options with this technology.
I have written a recent article on "Azure rules the roost" at
http://microsoft.cioreview.com/cxoinsight/windows-azure-ruling-the-roost-nid-23249-cid-50.html
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