I also registered 'icould(dot)cloud' with it, which I have already renewed for 3 more years while it was still cheap to do so before the price increase last year.
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I had some reasoning behind it at the time of registering. However, on this particular domain it was not from a business point of view. Maybe some companies being hesitant about switching over to cloud computing and a start-up convincing them that they could indeed cloud and offering this service.
Your domain seems better, but it may have some trademark issues considering iCloud is a brand. That is why I went with 'icould' instead, which grammar wise is correct.
I will let it go as recommended, and close this thread since I want to move on to the next name.