After conceding much ground to their competitors, especially Google with its cloud-based docs suite, Microsoft is finally coming to the party. It seems that the Office suite software will be available online later this year, which is about a thousand years in cloud development time. As is the new norm, a stripped down version will be available for free, and a fully featured priced model also offered. Whether that will be enough to staunch the bleeding of users to Open Office, Google Docs and other services such as Zoho remains to be seen.