Maximum PC: After months of beta testing, Microsoft on Tuesday announced the worldwide availability of Office 365 Home Premium. It's a departure from previous versions of Office, and while Microsoft likes to refer to Windows 8 as a reimagining of Windows, Office 365 is a "reinvention" of Redmond's popular Office product line for consumers. Unlike previous versions, Office 365 is a cloud-service.
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Consumers will never pay a subscription for Office.
Ballmer said "Office 365 is awesome." Guess I'm subscribing.