iGoogle therefore iRows

Google, which already offers a web-based spreadsheet app has just bought [where are they going to stop???]: iRows.
The two developers who created iRows will work on improving Google's less advanced tool. iRows, notably, can read and write Excel files.
We're not that far from the day when Google will launch a complete web-based OS and software suite... and we will be back to the (not so) good old times of thin client terminals with all the logic running somewhere on a worldwide distributed cluster...
[moose: my two cents... I'd NEVER trust any company, especially Google, to store all my files and data on THEIR servers and nowhere else... actually, I don't even trust them to store my backups and e-mails...].