Finally, Google forced Microsoft to release a Office Web. This is a good move, but personally, I still prefer local version. I am still paranoid about saving my data over an unreliable Internet, the reliability of data server, etc..... But, it will definite benefit many people.
Abstracts From Reuters
Microsoft Corp will release three versions of its dominant Office software that users can access over the Web. Microsoft will offer for free to consumers Web-based versions of its Office suite of programs, including a word processor, spreadsheet, presentation software and a note-taking program. Microsoft will release the web offerings when it starts selling Office 2010.