The best online word processor, however, may be the one from a tiny company, Zoho, a nimble innovator. Zoho Writer is running close enough to Word to imagine that it and other online word processors will be able to do most everything that Word can do, and more.
I've been experimenting with Zoho for a few months now. I'm impressed at it's capablities for team collaboration. Collaboration requires much more than a word processor, and Zoho has what's required.