There has been a lot of talk over the past few month about the possibility of a Web-based office software suite using AJAX. Some have even naturally called it the potential Microsoft Office-killer. Of course, it's all speculation and wishful thinking at this point, until someone brings a product to market (but you can bet lots of smart people are already working on it).
However, Microsoft might be ready to launch a pre-emptive strike against this strategy by announcing a scaled-down Web-based version of MS Office, as ZDNet's Dan Farber speculated this morning. Farber is going to be reporting on the announcement that Bill Gates and Ray Ozzie will be making tomorrow.