As well as the Google blog: googleblog.blogspot.com/2007/06/more-sharing.html
We're pleased to announce that we've acquired the assets of Zenter, a company that provides software for creating online slide presentations.
You've heard us talk a lot about using the web to improve group collaboration and information sharing. These days, when you create a document -- whether it's a text document, a spreadsheet, or a presentation -- you usually want to share it, collect feedback, or communicate about it in some way. We on the Google Docs & Spreadsheets team focus on making this experience easier and more powerful for you. In particular, we're working to add presentation-sharing capabilities to Google Docs & Spreadsheets, and we're excited about the addition of Zenter's technology and team to that effort.
I am not saying data theft... as Google logins are on secure server. Think if an entrepreneur lost his pen drive he will loose the whole important data but through Google secure login there won't be an issue of any loss or theft
I used to be forever moving files around the network (I use several PC's throughout the day). A short while back I uninstalled MS Office and moved everything over to google docs and spreadsheets. It's been a time saver (read life saver). This latest addition whilst probably not useful to me will complete the circle I think.