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Google Drive is now available, and I just got access the other day. Google drive is Google's answer to cloud-based file storage, and brings with it another alternative to likes of Dropbox, iCloud, Ubuntu One, SugarSync, Box.net, etc.
Currently, I use Dropbox and to some extent Ubuntu One, but since I use many other Google products I thought I'd give it try.
Pros:
Cons:
Overall it looks pretty good, and if you do a lot with Google Docs , the integration may be useful, but for now, if I could only choose one, I'd stick with Dropbox.