Can I keep a local version of documents in the Cloud?
I'm hoping I can steadily used iCloud to replace my dropbox. However, I want itt o work as my current system does: I save a folder to my dropbox, this saves one locally on my system as well as one to the dropbox servers, my local version is also backed up automatically to my Time Capsule. How can I (if I can) replicate this with iCloud? I know I can save new files in iWork to the cloud but where are the local versions that could also be backed up to the Time Capsule?
MacBook Air, Mac OS X (10.7.1)