Microsoft on Tuesday launched a new version of Works Suite, its budget software package for consumers.

The significance of Works has faded recently, thanks to forces inside and outside Microsoft. While Works was once the standard choice for PC makers to load onto new consumer PCs, major manufacturers such as Hewlett-Packard and Gateway dumped Works last year in favor of Corel's WordPerfect for their low-end PCs.

Read more: CNet News.