Microsoft Office Challenges Google Docs with New Web Apps

"In a move that seems like a challenge to Google’s suite of web-based office tools, Microsoft is opening some of its Office programs — including PowerPoint, Word and Excel — to the web.

Office Web Apps will allow for online document creation, editing, collaboration and storage using Windows Live. Documents created in Office 2010 can be stored directly to the cloud, as well."

Microsoft Office Challenges Google Docs with New Web Apps