Suffice to say, with Microsoft sharing a slimmed down, online and free version of the world's most popular office suite, only to network and connect with the world's largest social network, has in effect killed Google Docs. I for one will not be shedding a tear.
Some of the features Docs has includes allowing desktop Office users to create and upload content (presumably through a new Add In for Office) as well as editing within the Docs Office Web App itself. Your Facebook friends will be able to connect with the content you have created through carefully set permissions to co-author, co-edit and collaborate with your existing network.
Seeing as 95% if not more students have a Facebook account, this is going to see productivity rise like we have never seen before.
Maybe Google Docs should admit defeat and call it a day. Microsoft has already 'stolen' its name, the domain name (www.docs.com; I mean, that's a good start, really) and now has Facebook integration. It's unstoppable.