Google Docs & Spreadsheets. The strange name will probably be modified, as Google Docs & Spreadsheets & Presentations
You can now let collaborators invite other people. "The people whom you've invited can now add other collaborators to that spreadsheet. You can decide whether you want this capability turned on for each spreadsheet individually - the default for new spreadsheets is to allow collaborators to add other collaborators."
The next logical move would be to add a new web application for presentations and to integrate all these applications with Gmail, Google Calendar and Picasa Web, so they can share attachments, photos and documents. Some pieces of the puzzle are still missing, but Google can't deny they don't want to build Google Office.
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