It's not awesome at all. It's the death of personal computing.

What to use Photoshop? Pay a perpetual monthly fee forever, with no control over which version of the software you are using. Adobe jacked up the price this year for the new version despite a lack of new features? Tough, nothing you can do about it. It's either pay up or lose access. The new version is buggy? Tough luck.

Want to modify any of the software on your computer in any way or install any local software? That disables the trusted DRM and none of your remote apps will load anymore because your machine is no longer trusted. (We already have this on Chromebooks for DRM video).

Want to cancel your Microsoft Office subscription? Fine, now you've lost the ability to view any of your documents any more.

Want to continue using SuperAwesomeApp? Too bad, they just shut down the servers forever. Sorry, no refunds.

All your files hosted in the cloud and data mined for terrorist terms, for your safety of course.

All your files hosted in the cloud and data mined to build marketing profiles.

Every piece of software having the ultimate in user lock-in - total control over the users data.

I find it hard to imagine a more dystopian future for software.

I have very mixed feelings about this. Yes, on the one hand this is great news because a lot of websites who otherwise never would have bothered with SSL can now be protected from snooping or traffic manipulation on your local (possibly very insecure: your neighborhood Starbucks' wifi) network.

On the other hand, this completely destroys the premise of HTTPS that you have an encrypted connection to the website you are visiting. If this catches on big time, seeing the padlock will only tell you that you have an encrypted connection to Cloudflare's network, and no way of knowing if the traffic is still encrypted beyond that, or that it's flowing in plaintext between Cloudflare and the actual target server. Worse, you will have absolutely no way of knowing if the content you're seeing is what the target server originally sent, or that it has been manipulated (or wiretapped) by Cloudflare itself or any of the other hops while en route.

If you are going to use this, just keep in mind that you're giving Cloudflare - a US company subject to the Patriot Act and the whole shebang of 3-letter agencies - the ability to collect, intercept, store, and manipulate every single byte of traffic sent between your users and your servers.