I have recently spent some time reviewing Microsoft Office Live. First, I must confess, I am a Google Girl and have been using Google Docs for a while now. I think this caused a problem for me when I tried reviewing Live, because in my mind, the two products were supposed to be the same/competitive.
After beginning the review process, I quickly found that the two products are in fact very different and really cannot be compared equally at this time. For example, Live is not really even "live", at least not as a Google Doc is. A Google Doc is truly live at all times and can be changed on the fly anytime, anywhere. An Office Live document, can only be edited or changed on a machine with Office installed.
A co-worker recently attended a Microsoft Office Live presentation, and at that seminar, the representatives acknowledged that their product is not developed to the the Google level yet, but they are working on it.
I kept a few scratch notes of my thoughts as I reviewed live, which you can read here: https://spreadsheets.google.com/ccc?key=pNhUYKqmuY3RStF_cyiYLAg&hl=en
I also visited several sites offering reviews on the products. Here are a few that I found to be quite informative and interesting:
http://bogdan.org.ua/2009/01/24/office-live-workspace-vs-google-docs.html
http://www.scribd.com/doc/2215067/Google-Docs-Vs-Live-Office
http://www.readwriteweb.com/archives/office_live_workspace_vs_google_docs_feature_by_feature.php
http://itknowledgeexchange.techtarget.com/channel-marker/microsoft-office-live-workspace-vs-google-docs-who-will-win/
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