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Recently, Microsoft shared a vision for how people will work at their jobs, at home, and on the go in 5-10 years. You can watch Office Future Vision video to get a glimpse of that future. I made a companion video called Envisioning the Future that shows you how today's technology-including cloud computing-leads to that future vision. I excerpted a part of my video so you can learn about free Office Web Apps; they let you connect to the cloud so you can connect to people to work together. This excerpt is for the novices, those people who are not sure why they would need "a cloud." I know a few, I'm sure you do too.
You can learn how to start the Office Web Apps right now.
While the cloud (I tend to go for virtual applications) are a big issue which can make our lives a lot easier I still think it gets a little overhyped here and there.
Quite frankly I think this is where one of Office 2010 's key strengths lies. Although it fully supports (and enhances) online aspects (as you demonstrated here; online storage, online changes, etc.) it /ALSO/ fully supports offline work as well.
Best of both worlds.
Because while online usage is a big issue, its a bigger issue (for companies anyway) to be able and /continue/ work even though an internet connection fails (or other icky network-based issues go wrong).
That's what I like best; you can work online quite easily. But with a few clicks of the mouse you're also just as easily back "offline".