As we previously covered this past April Google's been working away on a PowerPoint killer, which as of today has been launched.
Even if its not actually much of a PowerPoint killer yet, there are some spiffy aspects to it -- namely the Audience feature, Revisions and Sharing for starters. And as the feature set builds-out to cover for things like the total absence of any drawing capabilities, it will surely and incrementally sport away some of the MS Office faithful.
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