Here’s what it looks like. Click it to see it bigger.

Not bad, but looks very simple compared to Excel. This could be a good or a bad thing. Does a lot of Excel-like things. This kind of comparison is inevitable, as most users are familiar with it.

Doesn’t feel as refined as Writely. Right-click not harnessed.

Linked to your Gmail/Google logon, of course.

Exports a reasonably clean HTML table. (Certainly better than any released versions of Excel/Office.)

Watch out if you lose your connection:

My immediate reaction is this could be useful for some things — like Writely, if you want to be able to edit from anywhere connected, and/or share the document realtime with others.

But like Scoble, I can’t see it replacing “offline” apps for individual users just yet. Hosted apps within a corporation however, that could (eventually) be another matter, especially as the technology matures.

See also: Josh and I look at Writely.