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Surprised nobody has mentioned the main advantages of web-based apps:

* Collaboration (including real-time collaboration)

* Ease (or more like lack of it) installation process

* Always up to date

>* Collaboration (including real-time collaboration)

Abiword did that

>* Ease (or more like lack of it) installation process

You need an ISP. And an Internet connection.

>* Always up to date

It can be worse for your specs.

If you look at what happened to Word Perfect when it shifted to Windows then you might consider always being up to date a disadvantage.