Google has been steadily encroaching on Microsoft's territory when by releasing web-enabled clones of popular office productivity tools. Already you can do word processing, spreadsheets and email through your web browser and Google's ever-growing suite of tools. Soon you'll even be able to work on presentations.
Google conspiracy theorists discovered hints of just such a project when browsing through Google's massive mesh of websites. While this won't unseat Microsoft's hold on the enterprise anytime soon, it will make for a complete, and free, tool offering to casual users and web surfers.
Of course, it's all part of the plan to encourage users to store as much data with Google as possible, expanding its abilities to mine data and optimize their advertising services even further.