Live Documents and Let Live Documents

It's not really clear whether we need yet another online office suite, but at least Live Documents seems to have understood the importance of freeing users from dependence on a certain offline one:

"From a technology and utility perspective, Live Documents offers two valuable improvements - firstly, it break's Microsoft's proprietary format lock-in and builds a bridge with other document standards such as Open Office and secondly, our solution matches features found only in the latest version of Office (Office 2007) such as macros, table styles and databar conditional formatting in Excel 2007 and live preview of changes in PowerPoint 2007. Thus, Live Documents lets consumers and businesses to derive the benefits of Office 2007 without having to upgrade," said Adarsh Kini, Chief Technology Officer, InstaColl.