Some news on the Office Live hosted solutions offering Microsoft is putting into Beta later this year is reported on internetnews.com:
Microsoft Office Live Basics provides domain-name registration, site-design tools, Web hosting, Web site traffic reports and a still-to-be-determined number of e-mail accounts.
Microsoft Office Live Collaboration is a hosted version of Windows SharePoint. It lets a business create shared, password-protected collaboration sites. The offering includes online business applications to manage customer, project, sales and company information.
Microsoft Office Live Essentials combines Office Live Basics and Office Live Collaboration, adding additional company e-mail accounts, enhanced access features, advanced Web traffic reports, and Microsoft Office FrontPage Web design software.