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Sure, this lack of control concerns me a little. With a cloud based app it's now up to the software vendor to stand by their product. But I'm relieved to be able to share the burden with the vendor instead of taking all the heat when something goes wrong. One reason is that I can finally rely on software companies to own their product. When I sell a typical premise based application, and something goes wrong with the installation, I'm the one onsite at the client taking all the abuse.
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Let's see - 33 terabytes divided by 300 users equals an average of 0.11 terabytes per account (110GB). Most dedicated servers share 100Mbps uplink ports, so the maximum bandwidth of all accounts combined cap out at 33 terabytes. A Quad Core Server with 2GB RAM should be able to host 200 accounts (depends).