Since I have a little used Sky Drive account I checked to see if I qualified for the roll-out today of Office Live (Office 10 online) which competes with Google Docs and Acrobat.com (Buzzword). I also have an Office Live Spaces account which I only use to see what it does. Anyway, I do indeed have an invite to use Office Live. Right now I can only create and edit Powerpoint and Excel files. All I want to do is edit Word files, so I’m impatient to see how that works.
I think Adobe might also be doing a Buzzword update tonight, and I find that more interesting right now. It makes sense however that Office Live will use Skydrive as storage and Spaces as a kind of online SharePoint.