I'm not going for it. I have Office for Mac 2011 but I only need Word and Excel and I like having my files locally since I have some confidential business stuff in there. I can see why MSFT is doing this but from my perspective I'd rather pay $140 once and use it for years than $10/mo or $100/yr.
I guess I'll stick with the old installed version for quite a few years to come, just like I did with Office 2003. Yeah I guess I'm turning into an old-timer LOL