With Office 2010, Microsoft has taken an important (and inevitable) step into internet-stored media. That's right; MS is all up in the cloud now.
In addition to releasing its new native Office suite, which gives you the option to save your files on the Intertubes, Microsoft has rolled out free, lightweight web versions of Office apps accessible through Windows Live.
We took several Office apps for a test ride: Word, PowerPoint and Excel. The verdict? For the most part, this is a decent web suite that works well with the native Office apps, though it's still a little unrefined.
Word on the Web
In your Windows Live account, you can share and access Office web app media through your "SkyDrive." Viewing a Word document looks fine in the browser, but when you choose to edit the doc, you lose some formatting. Paragraph indentations were lost, creating leaning towers of confusing text. Microsoft acknowledged this issue and said a fix is in the works.

Other formatting, such as bolded or italicized text remains, too. You also lose some graphics (we noticed several graphs were MIA) and some highlights are inaccurate. If there's a missing element, the Word web app inserts a small symbol to represent it.
The Office web apps behave very differently from Google Docs, in which all writing and editing is done inside the browser with collaboration occurring in real time. Microsoft designed Office 2010, so most of the fancy formatting work is done inside the native app. The idea is you and your cohorts can apply light edits using the web apps in the browser.
Collaboration doesn't occur in real time, either. Instead, you mark a document as ready for editing, or you restrict it to avoid interruptions. That's basically an efficient way to take turns co-authoring a document online.
