Live Documents? Are you kidding me?!

TechChrunch has done a great job of writing up a what-are-you-thinking about the announcement from InstaColl regarding Live Documents (for which they did not bother to buy livedocuments.com by the way - the domain is live-documents.com).  Read the TechCrunch Live Documents coverage here.

This is not a "news" item to post here, but I'm posting it because I'm very interested in hearing the future of this company/service.  It is very obvious that the service is very late in the game, there is not much (if any) differentiation, and the calculation of the potential revenue is, how should I put it, stupid.  Sorry.  But it's coming from the founder of Hotmail, so the connections are there.  I'm just curious to see if despite all the "no way" signs around Live Documents, we will see them acquired by one of the big guys (Microsoft?) a year down the line...  I will not be surprised.