[Click graphic to view full-size copy]This technical preview as delivered by Microsoft is only partially complete. The most glaring absence is the complete inability to create new Word files or edit existing ones. As in this example, you can view a Word docukment with full fidelity, but if you want to do more with it, you'll need to open it in the desktop edition of Word.
For more details, see
A close-up look at the new Office Web Apps.