[AccessD] Office 365

Does any one know about Office 365?  Would it be practical to put all of my
customers' app, databases, etc. in the cloud and do my development from
there?  What about the lag time of manipulating an app, doing development
and testing, on a remote server?  It would be convenient - no more back ups
- it's all out there in the cloud.  And do they have any pricing yet?
Didn't see any on the web site.
 
TIA
 
Rocky