Office Live Workspace -- why bother?

[mdlbear]

Five Reasons Google Docs Beats Office Live Workspace - Software - IT Channel News by CRN and VARBusiness

Just like all things related to Microsoft's Software-as-a-Service (SAAS) strategy, Office Live Workspace is a patched together, too little, too late offering compared to Google Docs. Question for Microsoft CEO Steve Ballmer: when will Microsoft deliver a SaaS offering that the channel can take advantage of that beats Google hands down?