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Google Spreadsheets - Sneak Peek

Creating spreadsheets

Create basic spreadsheets from scratch.
You can start from scratch and do all the basics, including changing the number format, sorting by columns, and adding formulas.

Upload your spreadsheet files.
Upload spreadsheets or worksheets from CSV or XLS format - all your formulas and formatting will come across intact.

Familiar desktop feel makes editing a breeze.
Just click the toolbar buttons to bold, underline, change the font, change the cell background color and more.

I just got my invite to Google spreadsheets. Very nice interface, similar to Open Office’s oocalc. I imported an xls sheet with no problems, saved it on the site, and have options to export as xls or csv. Very cool and appears to be full featured.