A web lightweight version of Microsoft Office shall be finally released “next calendar year” announced Stephen Elop, President of the Microsoft Business Division (the first announcement dates back to October 2008) during his keynote speech at Web 2.0 Expo in San Francisco. It will offer a subset of feature of the packaged version of Office and it will run on an undisclose set of web browsers. It will allow functionalities thought for content production and sharing over the Net, with a feature set comparable to Google Apps.
The full fledge packaged Office applications will have all the features designed for a Corporate environment, integrated with SharePoint Server, Unified Communication etc. Microsoft will not change its license based scheme for Office Application Suite.