If you’ve been living under a tree, without wifi, not on the twitters or without a netbook for the last few years you may not have known or heard of google docs. It’s nice and gets the job done, but I’m not blown away by the user interface.
Today, I took a second look at Adobe’s offering, buzzword. Also, not super feature rich, but it has a nice UI and it gets the job done as well. Both services are free and provide ample storage for many documents. Both are in “beta” so watch for some form of service fee in the future.
Bottom line is, if you need to author a document and don’t need or want to pay for the insane cost of using all the features of Microsoft Word, one of these web services might be the answer.