Its not breaking news anymore that Microsoft is making an attempt to open up and standardize its document format. One might ask if there are existing standards that Microsoft could adopt or even further develop by interacting with the community. The answer is 'Yes there are' and 'No, Microsoft wants to come up with its own "standard".
I read a well written and detailed article explaining why one should really hope that Microsoft is not succesful in its latest attempt in this area
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