I had a bit of fun with this - and will post my document in later...
I decided to play around a little with the formatting to see what it could do, and was pretty impressed with the range of functionality - it's certainly not as rich in formatting options as Word (for example) but for producing a useful, workable, collaborative document, it seems great.
And I think that it's key use could be in collaborative efforts - particularly when people working together use different platforms or software. It's close enough to Word with it's shortcuts that most people who are comfortable with that software could just pick it up & run with it.
I don't think I would use it for work documents as there are those lingering issues of management of organisational records, security and access (if the unthinkable happens & Google went into receivership for example).
But in general, I like it...
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