Tomorrow in New York, Microsoft is releasing its latest edition of Office 2010 Web Apps which, in my mind, will mark Microsoft's full acceptance of the SaaS software delivery model. Furthermore, Microsoft's development of web applications for the cash cow that is MS Office, officially shifts the standard from legacy software to SaaS.

In an interview with USA Today, Marc Benioff, the CEO of Salesforce.com said, "We're entering an entirely new paradigm." This new paradigm is one where businesses and consumers alike are no longer bound to physical locations or forced to use complex technology to manage networks and files but freed to move about freely in the clouds. About this paradigm shift, ECM chief executive Joe Tucci said, "We're now going through what I believe is pretty much going to be the biggest wave in the history of information technology.''