Update: Office.com is now amp up their quest to get businesses and consumers to use Google Apps.
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One can only assume that Microsoft's cloud-based version of Microsoft Office will be residing at Office.com. This is only speculation, mind you.
The previous owner (or "operator" rather, Office.com currently, there is a letter from them to Office.com users explaining what will happen (or has happened rather) in the transition period:
Dear Office.com Users,
launched Bing. Google branding was the biggest problem Microsoft has had in the past in competing with Google in the search market. With Bing, they seem to be making some headway (although they
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Microsoft Should Avoid Branding Issue for Office Web Version
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