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When creating a new proposal for a product to be developed, why would I risk the insecurity involved in the document being saved anywhere else but locally?
If you don't mind your documents stored and worked on in this way, then online collaboration is a great tool.
I doubt very much i'll use any such online service (I won't say never).
Its funny how people think everything Google does is "revolutionary" and "newsworthy". Microsoft was the first one who came up with OfficeLive and Google is the one who is coming up with "me-too" offering. Another example of Google offering "me-too" is AdWords offering demographic targetting.
I offer the cheapest widgets on the market. Pity no one knows I exist...
Google take advantage of the power their brandname. Whatever they throw away, people just eat and ask for more.
I am sure everyone wants to build a business like this in their niche.
this writely thing looks cool. however, I would not think about it for business reasons. If I wrote sth with my friends or co-students, sure.
It's a cool tool and actually could be very useful if used properly and developed out a little more. However, with Google, the thing will probably be down half the time.
They have closed registrations, may be they know their servers/app can't take the load. There are quite a few alternatives available like Zoho Writer [zohowriter.com], Rallypoint [rallypointhq.com], Writeboard [writeboard.com], thinkfree [thinkfree.com], gOffice [goffice.com] & the latest entrant ajaxWrite [ajaxwrite.com].