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"Office Web Apps", created by Microsoft will include online versions of Microsoft Word, Microsoft Excel and Microsoft PowerPoint and you will be able to access it via any web browser. This new Microsoft product should be available once Microsoft Office 2010 is out but you can already use the Technical Preview. Here is how:

Go to skydrive.live.com and sign in with your Windows Live ID, click the Documents folder and upload a dummy Word, Excel or Power-Point file to this folder though "Add Files". You will be then asked to join the Office Web Apps Preview:

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Then you just have to click on "Accept":

office web office accept

And that's about it. Now you can edit Excel, Word and Power-Point files just like on Google Docs:

microsoft web office

[via labnol]