HT204085 Does the keychain have to be set up from only one Apple ID or can it be used among 2 or more Apple ID users? For example, my daughters each have I'd but my cc is on their accounts and my wife also has her own id with my cc.

Can the keychain from my phone and Apple ID link to 2 other different phones and Apple ID's and 1 new ipod and different id? Both daughters and wife use my credit card on their accounts. 

We do this in my family now.  We have one account for purchases, so it is used to share music and apps (I think that is in Settings/iTunes & App Stores).  Each iDevice has this configured.
Then, each of us has our own iCloud account that is configured under Settings/iCloud.  That then allows us to have our own Mail/Contacts/Calendars/Reminders/Safari Bookmarks/Notes/Passbook/Photo Stream/Documents & Data/Find My iPhone/and Backup.  That Backup piece is pretty sweet and comes in handly if you replace your iDevice.  You can just restore from it.
So we all share the Apple Store account but we all have our own iCloud accounts to keep the rest seperate or things like you mentioned are a nightmare.
In answer to what iCloud does for you: http://www.apple.com/icloud/features/
Think of it as an internet based ("cloud") area for all of those items listed in my response.  What you need to remember is photo stream only maintans the last 1000 pictures so don't count it as a complete backup solution for your pictures.  Even though I rarely sync with a computer these days, I do still try to sync my phone with iPhoto (I have an iMac) so that I have copies of all of my pictures.  1000 may not stretch as far as it sounds.
Message was edited by: Michael Pardee

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