Personal Technology -- Microsoft Offers Range Of Programs That Run Off Web, Not Hard Disk: "Like all other trends in technology, this one, sometimes called 'Web 2.0,' is overhyped. It's been happening quietly for years, but it's a long way from replacing all the software you use.
Still, the biggest software company of all, Microsoft, has recently launched a major initiative to produce this kind of remote software. Its project, called Windows Live, is hardly unique. Google, Yahoo, America Online and many others are also offering new Web applications. But Microsoft's Windows Live may be the biggest of these efforts."