That's the title of yesterday's New York Times article on Microsoft's launch of Office Live Workspace. There is so much that could be written here but let's let the professionals do it:

Gina Trapani, Lifehacker goddess: "The catch? You can only edit the spreadsheet, Word doc or slideshow if you have MS Office installed on your computer. Uh, ok."

Tech Crunch's Michael Arrington"Google and other Office competitors will be breathing a sigh of relief this morning - this is not a decisive move by Microsoft to crush the competition as they did with Netscape more than a decade ago. Microsoft has failed to understand the real power of Google Docs - easy, no hassle document creation, collaboration and access from the browser. And it will take them another two years of fidgeting before they really get scared and react properly. Microsoft is falling into the classic trap of failing to realize the disruptive nature of a new competitive technology, instead focusing on the massive revenues it generates from their aging Office suite. Google Docs is tearing the Office wall down, and Microsoft has failed to respond."

It's getting sort of crowded out there.

Tick. Tick. Tick. Tick. Tick. ....