Writely

So have any of you heard of the new company Google just purchased? It's called writley and it's a web based word processor that lets you do most of the things Microsoft word does and then save it to the web, or your hard drive. It's cool because you now basically have access to your files anywhere you can get on the net. You can even upload your old word documents and save them online as well. You can also save your documents as html pages with links that people can read online. There's even a button that allows you to upload whatever you type with writely to your blog (like I'm doing now). I know that Microsoft is planning on making their next office product online, but this is free and owned by Google, so it has to be better. Hopefully a spreadsheet isn't far behind.