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Future of grid computing

What are the advantages and disadvantages of both grid computing and distributed computing and what do you think about the future evolution of the grid computing?
The core advantage is scalability, or the ability to spread the processing load among many components. Moreover, there is some fault tolerant capabilities as well. This is nothing new, we've doing using this type of distributed computing for years. What is new is the tightly coupling of entities, and the value in the marketplace now that the cost of computers and storage is low. Grid will evolve into something that's more of a commodity, indeed the architecture is proven and applicable in problem domains where scalability is essential.

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