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Kiran, the use-cases do drive significant implementation differences. Grid systems tend to have sophisticated queueing and job prioritization mechanisms, clouds don't. There has been a lot of work in tying multiple grids together at the network and/or data store level; so far clouds stand more on their own. Clouds have been designed to really support interactive web sites with 24x7 availability, grids haven't gone in that direction. And the list goes on, and there's probably an exception to everything mentioned...