Yes, certainly CobiT can help with cloud-computing.

CobiT is an IT governance framework and particularly two processes "Define a Strategic IT Plan (PO1)" and "Manage Third-party Services (DS2)" will give guidance on what you should do before and after selecting a cloud solution, how you could measure and monitor the value you gain as well as your risk exposure and who should be responsible, accountable, consulted and informed during the effort.

Cloud computing is hot!

A lot of companies are now investigating how to place software in the cloud i.e. outsource it.

Before I tell you what I think of this let me just describe the reason for having software in the first place.