Cloud computing is another name for what a lot of us have been doing for a long time. Distributed computing and service oriented architecture. The tools are already there in your IDE and in your framework. Apply them with discretion and where necessary. Know the buzzwords, but don't pay them too much attention.
The main thing that has been added by the current discussions on cloud bassed computing is the emphasis on being able to scale up quickly and pay for what you use. But again, from a technology point of view, this has been available to us for a long time.