Now the fun begins.
If you were there, or watched it streaming, did you wonder about the shoes?
Azure and its subsystems had a number of code names, one of which was "Red Dog" and the team got red shoes (dogs being a slang term for feet) in honour of the name.
If you missed the keynote, you can watch it at http://channel9.msdn.com/pdc2008/KYN01/
I had heard some of this before, but not all of it, and I need to digest it a bit, but I think the key difference between Azure and hosting, between Azure and the Amazon offerings, is this: it's one thing to offer you a machine (real or virtual) and tell you "feel free to remote desktop into this and do what you need to do, install things, configure things, it's a machine" but it's a completely different thing to publish your app to the cloud and to configure the cloud rather than your target machine. I like it.