See the full article for screen shots of the Office Web application versions of Word, Excel, PowerPoint, and OneNote
Among other things, the Office 14 wave of products will include the oft-rumored Web versions of certain Office applications, giving customers a way to both view and edit rich Office documents in the Web. For this first version of Office Web Applications--which may or may not be the final name--Microsoft is providing Web-based versions of Word, Excel, PowerPoint, and OneNote.
"These are lightweight versions of the applications from the desktop product," Microsoft Office general manager Takeshi Numoto told me in a recent briefing. "They allow you to view, edit, and collaborate on Office docs in the browser."