Hotmail co-founder Sabeer Bhatia is apparently biting the hand that feeds fed him. Microsoft bought Hotmail for $400 million, which Bhatia presumably didn’t receive all off (split among partners and investors). But now, in a rather ballsy move, has launched (sort of) a product that is a pretty big rip off on the Microsoft brand and trademarks. Live Documents, which contains a dash(-) in it’s domain name (a clear sign of a serious company), almost launched this week. I say almost because there was a press release and there is a website, but there is no function demonstration or even screen shots of the application.

Live Documents claims to be a Microsoft Office / Google Documents killer with an off-line component based on… you guessed it… Microsoft Office. I’ll spare you the rehash of what I am considering vaporware at this point. When (if) I receive my invitation to the private beta, I’ll fill you in on reality at Live Documents.

TechCrunch - Live Documents To Break Microsoft…We’ll See
Macworld - Hotmail co-founder launches online office suite