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Sam at the Writely Blog has posted some thoughts on what the Writely API might look like. He also ponders the future of Writely and Web 2.o...
I think this is very real. Now that we've looked harder at this space, and watched what people are doing, I think that Writely really does represent the first of a new kind of application - desktop apps re-invented for the web. Specifically, we're something between email and desktop publishing. More importantly, I think this, and the other Web2.0 apps, are really here to stay.