I added an Eddie Izzard quote to our collaborative presentation in Google Docs. I'm a huge fan of storing documents in the cloud, especially when collaboration is necessary.
I think Google Docs is the best for collaboration work, but I've been very impressed with Microsoft's SkyDrive, which gives users 25 GB of free storage plus the ability to create word, excel and powerpoint documents online, in the cloud. They are not as robust as the actual software, but it is a great option for students who might not be able to afford the software or are working from a computer that is not their own.
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