A June 2009 research presentation by a team from the University of Massachusetts, Amherst and AT&T Research presented at HotCloud09. Academic research tries to go beyond the current state-of-the-art. Therefore we typically do not include research papers in our collection. Why this one? Mostly because of the problems it summarizes and less because of the sketch of a proposed solution. It is an interesting summary of problems that enterprises and enterprise applications face in the cloud. Importantly it is directly positioned at the interface of networking and cloud/virtualization (the presentation explicitly focuses on virtualization-based clouds). It also includes a brief summary of CloudNet, a research project that addresses the resulting set of issues.