Rick of Virtual Ubiquity is showing off Buzzword, a web-based word processor written in Flex 2.0.
They started off by building a layout and pagination engine so that they could do great typography. Good kerning, dynamic layout, all WYSIWYG. Nice list management, including making it easy to have one list item include more than one paragraph of text. Easy graphics importing – “We’ve managed to make graphics a simple thing to do.”
Better direct manipulation, obviating the need to use the menus in many cases.
Documents stored up in the cloud, users with roles (commenters, read-only, etc.)