Interesting perspective -- read the article for more Office Live details. I haven't seen a single net-negative review of Office Live.
Office Live is the first real step I've seen Microsoft take on its own here. Redmond's not thinking about matching Google's Writely/Spreadsheet almost-useful bundle; it's doing what Microsoft does best: hunting for profit. First thing Microsoft does when it's looking for yet another percentage of the world economy is ask customers what they're willing to pay for.