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Confused About Microsoft Online Services

Now that I am running Office 2010, it has the ability to save documents to their new WebApps online service. You can manage your files with your SkyDrive, you get 25 GB free with your Microsoft Live account. This has led me to dive a little deeper into their online services and I am just getting confused about everything they provide.

For instance, is it...

Live SkyDrive or Office Live Workspace Documents?
Office Web Apps and/or Live Office?
or even now Office 2010 (Save to Web)?

Live Photos and/or Flickr?
Live Network, Groups, Contacts and now People?
Live Profile or is it Live Spaces? wtf?

As I have adapted Google Docs (now that I found Google Drawings) I will keep posting and comparing the 2 here.

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