Cnet reports that IBM is going to announce a new suite of Web-based applications that will directly challenge Microsoft Office. Based on the very mature Lotus Notes system, it will run on Web servers, provide functionality similar to Microsoft Office applications like Word and Excel, and be priced at a very reasonable $2/month per user.
Of course, there is always a catch. This will only work well if you have good broadband networks in your work space (in the building) and excellent, affordable broadband access.