This feature again seems to target the new user to the Internet and is offered as an incentive to upgrade to OS9. A storage space for all your personal needs. Apple is offering 20 MB for every one of its OS9 users. This space can be used to hold photos to be used in iCards and can even be a resting place for your new QuickTime movies, which will incidentally stream from that file space. This feature will also enable you to set-up shared folders.
Nothing groundbreaking here folks, but a new offering for new Internet users, that's for sure.
A finally, Apple is offering space for users to set-up their own homepages. Their strategy of roping newbies in at the outset will probably work, as most new users are content with going to wherever their browser is first set to go. Ask my mom. It is evident that Apple is no longer ignoring the consumer market as it points their Web strategy towards new users and enthusiasts alike. But in terms of Web development, this may have been the cause of the delay in Microsoft's Internet Explorer 5 for the Mac.