Vista - A Look at The New Microsoft Office Web Apps.

Microsoft Web Apps will allow you to edit, view, and share MS Office documents over the web with the same functionality as their desktop suite. They recently launched a limited technical preview to users last week and today we will take a look at what they have to offer so far.
Overview
Microsoft Web Apps is a new service that will coincide with the launch of Office 2010. With Web Apps you can share, read, edit and create documents through your browser. This will allow easy collaboration with other friends and colleagues to get important project results much quicker. It’s similar to the way Zoho or Google Docs allows collaboration, but this will let you keep the exact look of the desktop document and lets you edit using the familiar Office tools.
Right now the files you work with come from your Live SkyDrive and from there you can manage rights and organize files.