This is why I bought two Galaxy tab 2 7.0 tablets. Awesome tablets, fast, smooth, had microSD card slot, back camera, and infrared transmitter for remote control. The display may not be as good as N7, but the expandability and rest of the features are great. My family all also chose the Samsung tab 2 7.0 tablets over the N7 for the same reasons.
The cloud doesn't work for my tablet usage, because quite often I'm using my tablets on an airplane, at a hotel with crappy wifi connection, or on the road somewhere. Having the extra storage on my SD cards for movies / music / books is awesome. No way cloud is ready for prime time right now, unless you're a home body and don't go out travel much.