Jolicloud seems to do much of what Ubuntu Karmic Koala is aimed at. Just better and now.
Take a look at the following video:
Cloud integration (even during the installation), pervasive contacts and so on. See the video yourself and tell me what you think. Will Ubuntu Moblin/Netbook Remix be able to compete with such a good integration ? Difficult to say, but I doubt it. 
Jolycloud is still in alpha stage and about to launch a public release (it was due to June 1st, not out yet, but expect it soon). Update: no, maybe not, but they’ll probably start to send invites for the private testing stage soon. Check out the official website to ask for yours.
Source of the news: Nico ! (Brasilian -- i guess -- language)
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Am I the only one that thinks chosing a cumulonimbus cloud as a logo for this kind of thing was a bad move?
invite only for a linux distro and foss apps?
guess as long as they make any modifications available its legit
don’t really see anything special in the screenshots though
@Fab: if you look at it in the right perspective, that cloud is also an heart ♥ ♥ ♥.