Collaborative editing now available for the Microsoft Word Web App

Microsoft announced today that it is adding the ability for multiple authors to simultaneously edit Word documents on SkyDrive using the Word Web App.  Imagine sitting at a mediation, working on part of a settlement MOU while someone back at your office edits or adds content to some other part of the document.  You could even quietly collaborate on a settlement agreement with opposing counsel so that you had a long form agreement ready for signatures right there.  Crazy.  Microsoft has been slow to refocus on new areas of competition, but it is building a head of steam with Google in its sights.