Google announced today the impending release of Google Presentations, a slide show application that will be included with Google Docs and Spreadsheets.
The app is based on technology from Tonic Systems, which Google has just acquired. Tonic Systems is based in San Francisco and Melbourne, Australia.
The Google vs. Microsoft trope is so belabored at this point that it's hardly worth mentioning. But, once more, with feeling: Google doesn't have to compete with Microsoft's $12 billion in annual sales in the office productivity space. It only needs to compete around Microsoft on the Web. And, oh, I dunno, wait for Firefox to allow offline Web app use.