Don't forget you need (at least) another server housed in another datacenter for redundancy, and a complex system to keep the redundant system data live and provide automatic failover. And you're merely hiding setup or maintenance labour costs by saying existing employees will handle all this - in fact you have to apportion a fair fraction of their total cost. Then there's the cost of the server rooms, climate control, UPS, electricity, etc.
If you bother to do the sums, you'll be appalled by the cost of providing webmail for your organisation. Now add in the cost of providing and supporting Word, Excel and Powerpoint. And the cost your websites and wikis. And even your custom web apps, and the other apps that could/should be rebuilt as web apps. Google will provide ALL this for $50/person - that's $60K p.a. for your entire organisation, assuming no discount for over 1000 people. Scared yet?
Now lets look at the risk side of the equation. There are huge amounts of FUD around this issue, but does anyone have any reliable evidence of significant privacy or data loss from Google? I can't recall hearing about a single case, despite posing this question on Slashdot before. But I have heard innumerable cases of the same thing happening from in-house systems.
Your problem is that one day someone will explain all this to your bean-counters. The opportunity to make this level of savings comes once in a lifetime for these guys, and if you are lucky they may hesitate long enough to confirm the risk-return equation before your world comes crashing down around your ears.
My advice would be to start learning about Appengine, or EC2 or Azure, and figure out how you could migrate your existing systems. Then you have a choice - if you prefer your boss and co-workers over career advancement, keep quiet until the day comes. Otherwise sit down next to a bean-counter at lunch, and start talking about clouds. You'll be head of IT within six months.