Microsoft's angle of course is to encourage adoption of Office Live SB, the side of Office Live that does handholding with business customers to do things such as launch sites. Obviously, they'll try to work in other "online productivity" into this. Coupled with their plan to introduce more web-based software in the near future, via Office Live Workspaces which they introduced this week, Google might be facing some serious competition here.
You can read the full press release at Microsoft's site.
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