Eucalyptus/Terracotta a scalable Java Cloud Platform?

We recently received a presentation on a combined solution from Eucalyptus and Terracotta. Initially we were suspicious because they clearly share an investor – Benchmark Capital. Was this a PowerPoint integration dreamt up by two Venture Capitalists over a power breakfast? However, the combined solution was presented by some very plausible techies with a real-live demo and does look as though it starts to provide a generally-useful abstraction over which to deploy scalable applications (specifically Java stacks), and it too works with commodity hardware. It’s not as slick as the 3Tera solution, more of a command-line approach, but it potentially has the edge in scalability.