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Part of me wants to laugh, part of me wants to cry, and part of me wants to say "Good for them."

What's next? Photoshop? Flash? It's weird to see a large company embrace this type of business model, which (at least in my mind) is normally reserved for the smaller guys.

I bet they're just testing the waters. I suppose Acrobat is a good product to do it with.

Maybe it's just me, but I sense desperation here. I don't really see Flash beating out HTML5, even if they make their own office apps with it.
HTML5 needs an IDE. Hrm, there's a problem that needs a solution...