I would say if you're running applications in the cloud, you should ship your logs and forgo logging them on disk. Or setup an awesome ES+Logstash cluster using IO nodes :).
You should've left off the last paragraph; I assumed you knew who I was :).
Ah, that's still way better than no disk. I was initially worried about having to deal with PXE. I wonder if logging will cause trouble for the SATADOMs. I'm guessing they don't do much in the way of wear-leveling.
I didn't recognize your nick at first, but we worked in the same office. I was part of the Cloudkick acquisition. I left Rackspace in August of 2012 to start Floobits. Small world. :)