The beginning of the end for Google Docs?

This is based on just a few minutes of playing, but the problem I have with Google Docs is that it is only a rough implementation of Office-type products. I just uploaded a Word file and it skipped all the embedded .emf graphics, screwed up the equations, and converted tables to some format that it itself no longer recognized as a table. Since formatting is important, isn't it easier to work in Word and share the document? 

Actually, now you may not have to do even that. Microsoft is upping the ante. See the full article.