Indian company InstaColl today formally launched Live Documents, a mini-office suite of products similar to Word, Excel and PowerPoint. Live Documents has already received plenty of press coverage, mainly because it was co-founded by Sabeer Bhatia - the man who famously sold web mail service Hotmail to Microsoft for $400 million in 1998.
It's clear that Live Documents is leveraging the Microsoft brand - from the "Live" brand name, to the claim that it has a "Services plus Software" approach (Microsoft's calls this "software plus services").
CTO Adarsh Kini claims that Live Documents "break's Microsoft's proprietary format lock-in and builds a bridge with other document standards such as Open Office". He also says their service "matches features found only in the latest version of Office (Office 2007)", so giving users a reason to avoid upgrading their MS Office software.
Nick Carr pointed out, India alone is a potentially huge market for Live Documents to take on Microsoft Office. But the problem is that nobody has yet seen the software in action, so it's difficult to say how Live Documents compares with the likes of Google D&S, Zoho, and ThinkFree.
Live Documents first surfaced in Sept 2006, and its current incarnation seems high on hyperbole and low on beta product action. So all we can do, like everyone else, is sign up to the invite beta and wait and see if the PR bluster will be backed up by the actual product.

Commenter "mr white" said of the Gmail java app: "This *is* clearly the path of the future. All your e-mails, all the time, everywhere. No more tedious synching with this outlook / that outlook and the webmailer. Now bring on calendar and contacts."