Bend in the Weather

Well late yesterday the news and forums were abuzz with news that Google and Sun were about to make a big announcement.

Many thought it would be "Google Office", an office suite based on OpenOffice and using AJAX similar to Gmail.

This would of been hailed by many as a breakthrough and help break the shackles of MS Office.

Sadly... it was pure speculation, and nothing really eventuated. Instead... we now hear that Sun will be bundling the Google Toolbar with Java.. and the Google bar will help promote OpenOffice... Not really 'ground breaking'.

The market hasn't taken kindly to the news... particular after Sun stock rose on the idea of an alliance for a "Google Office" and Microsoft's stock price fell 2%.
I expect the markets will now right themselves and may even swing against Sun... as it appears Sun has done much of the beat up pre-announcement.

What do you think? Could a web-based Office really knock off Microsoft Office -- the biggest cash-cow Microsoft has?