Google has announced that they have acquired DocVerse (announcement), a small team of talented developers who have worked towards MS Office files in the past. With this collaboration, Google Docs will have better interoperability towards MS Office files (doc, xls, ppt).
I believe Google's idea of having a cloud computing environment are getting closer and closer to reality. Many of their applications are ready for production use and many individuals or companies has started to use them. I can't wait for the next update of Google Docs after this process.
No wonder if Google has been nominated as one of the best company in the world. Their ideas are fantastic, just like Apple who achieved the same nomination.