Can I uninstall iTunes now I have my iPhone set to sync with iCloud?

I decided that I wanted to completely phase iTunes out of my life now that I really can't see a need for it. I now have my iPhone set up to automatically create a backup to the iCloud. This will obviously make it easier when buying a new iPhone or iDevice. However, I need to be sure that I'm safe before I uninstall and remove iTunes from my PC.
Does having my iPhone set to sync with iCloud in settings now mean that iTunes can be made redundant and mean I can safely now remove it from my PC? Will all of my apps and music be safely backed up too?

I have reconsidered my situation and realised it would probably be more wise to hold onto iTunes. The only reason I wanted to get rid of it is because it uses up space on my hard drive unnecessarily. I also don't have any music on my iPhone that I did not buy via iTunes, is Match the only way to make sure your iTunes purchases are backed up to iCloud? When I buy a new iPhone and set it up the new way, I won't get my iTunes purchases automatically installed again?
My other issue is that I soon plan to do a fresh install of my OS when I purchase Windows 8. I will obviously lose iTunes and didn't want to have to go through the trouble of setting it up again if I really don't have to.
But I also today realised the only way to do a restore should anything go wrong and the only way to request a refund on a purchase is through iTunes, which makes it more worth while keeping around.

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