Yes, the whole idea of 'near real time access' is great when you have time to wait for the file to be downloaded to use it, but in practice, it's crap for people that use a lot of documents on a seasonal, or occasional basis.
There had damn well be a way to shut that 'feature' off for people that don't want to use it, and there had better be more levels of extortion from Apple for their iCloud fantastic-ness that they are desperately trying to force people to use.
Given their repeated outages with their other 'cloud based' services, I'm really chomping at the bit to have my bits spun off to the other end of an internet connection that can't deliver 100% 100% of the time.
And spinning ebooks you have read to cloud storage seems like it's from the 'you read that book, toss it' camp. I am a digital horder. I LOVE ebooks. They take up a lot less shelf space, don't decompose over time, and I am perhaps an oddity as I do re-read great books I've read from time to time. Like I watch 'old movies' too. Dune, Fifth Element (which is why I will NOT do NetFlix), and the Star Wars original movies, among others. (Which by the way, are they going to spin music off that you haven't listened to in a while? Who decides what 'a while' is?)
Apple seems to be charting a voyage to a destination I can't see wanting to go to. Either that, or I really am an old fossil...