>That's one for the plus column.

And its a weak 1, if that.

Since you won't own the app, the way I see it, MS (if they wanted to, and it won't surprise me if the do) will not give you an option to upgrade Word, since you don't actually own it, they'll force it on you; they can up the hourly charges for using it where ever they want; they will be able to take away features whenever they want, since non of it is on your computer; they will be able to make modifications that make your old work incompatibile with the new version.

DOesn't sound like a step forward to me.