My spouse and I shared an apple id so we could share itunes purchases, we upgraded our phones to 4s, must we have separate Apple ID's in order for icloud to work properly?

My spouse and I have always shared our itunes account, we just purchased the iphone 4s and I was told we cannot use the same Apple ID if we want to use icloud.  If this is true when one of us creates a new Apple ID, will we lose our purchases made on itunes?

I'm not sure if this answer is correct, but I would think that the one who uses a new ID will lose the purchases as these purchases are associated with the other ID.
Just my two cents... iCloud is not a great service in it's current state. In my opinion, Googles services are just as good, if not better, and they work on the iPhone. That is not to say that iCloud won't improve over the coming months or years. But until it does, I'm more that happy using Googles mail, contacts and calendar.

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