Live documents : "Future of Office" Or "Future for Office" ?

Sabeer Bhatia has announced a Microsoft Office Killer Live Documents. Is this a real killer to Microsoft’s core business application, Office ? Sabeer Bhatia, one who received millions from Microsoft for purchase of Hotmail. Now he is targeting Office. Google has already made a huge attempt by introducing Google Docs with core applications (Documents, Spreadsheet and Presentation); Combined with Google apps for domain. Perfect suite for Small and Midsize Enterprises.

So what MS is doing ? It started an attempt to share and collaboration for it Office suite. But Where is real killer ? So This time also They are gonna buy it from Sabber Bhatia ? Is that's in Sabeer's mind too? Overall look of LiveDocuments is similar to Office 2003. It offers synchronization of desktop Office too. And much more for MS Office like sharing and offline editing etc. A ready mixture for Microsoft ?
Remember Hotmail made online presence of MS on web significant in 1998 ? So is this time for it again ?

Lets see what real promises like and Interoperability and Shareability. As per their description, Application like spread sheet are built using Flex. Now Thats where we will see how it gets on the Open web ? Will Microsoft buy something like this when Its already investing on Silverlight ?

Wait and watch.! Invitations are open. Get one for yourself.
Sabeer Bhatia has another reason for celebration. Congratulations to India's most eligible bachelor. He is getting married...!

Update : Opps..! I am late..!! Microsoft has already launched it own service. Office Live Workspace Its still in private beta. (I haven't got any invitation yet..!). Unlike Live document; It has not released any details on How the product will really look like but says "You can Edit Your Document". Lets see What it really delivers.