Microsoft, being the software mega-giant that it is, has such a large target over it, metaphorically speaking, that no one can resist trying to hit the bullseye. Google has been quietly chipping away at Microsoft’s appplications for a while now, most notably with the Google docs group of features.

Now someone else has their eye on Microsoft Live, the software company’s online tool suite. Ulteo, a company whose motto is “My Digital Life Made Simple”, went into beta-testing last month with a portable, web-based version of Open Office, including Writer, Calc, Impress, Draw, Base and Math. The actual applications, NOT watered down portable versions.

For more info straight from the source, check out Ulteo’s blog .