The next generation of Google Docs

Official Google Blog: The next generation of Google Docs
New document and spreadsheet features
In documents, Google have added a margin ruler, better numbering and bullets and easier image placement options. And in spreadsheets, you’ll now find a formula editing bar, cell auto-complete, drag-and-drop columns and other features not possible with older browser technologies.
Speed and responsiveness
New browser technologies like faster JavaScript processing have made it possible for Google to speed up Google Docs significantly. Even very large spreadsheets are fast to work with in your browser now. Applications that run this fast feel like desktop applications but have the unique advantages of being in the cloud.

Faster collaboration
Google have extended Google Docs’ collaboration capabilities too, with support for up to 50 people working together at once, and in documents, you can now see other people’s edits as they happen character-by-character. And now you can also collaborate on flow charts, diagrams and other schematics in real time with a new editor for drawings on Google Docs.

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