As can be seen from the table above, MyPhone measures up pretty well, and is certainly a lot cheaper (note the MyPhone cost is based on the 10% risk of losing your phone/year and needing to use the remote wipe service). In addition the main gaps in the service can be plugged by other Microsoft offerings, such as push e-mail by using Windows Live and storage by using Microsoft Mesh.
Microsoft would however have a more compelling service if it integrated all its offerings, and hopefully this is set to happen in the near future.
At present however the service is pretty good already, with no significant negatives to using it, so I urge anyone who has an unlimited data plan to install the software.
Read more about MyPhone (which works on WM 6.1 also) here.
Is there any way Microsoft could improve MyPhone (besides the obvious of increasing storage)? Let us know in the comments below.