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I think that he has a valid point to some degree, but let's face it, for years many User Agreements have forced end users to cede significant control to software companies. Ever read those pages of small print? You don't have many legal rights left after you click the "ok" box.
Sure, it is a little different with the cloud because of the lack of physical ownership of the hardware, but not all that different. For enterprise users there are cloud options that are different that the consumer oriented offerings - a private or hybrid cloud could address much of Wozniak's concern. I suppose I have on slightly rosier glasses than Woz when it comes to the cloud.