There is an incubation project group within Microsoft. They partner with product teams across the Microsoft Business Division to rapidly prototype concepts and act as a resource to further the innovation process through collaboration. Microsoft has recently extended this out to the public now so you can get a flavour of some of these longer term ideas. Now as I understand, this is a ideas play area and not all features might make it into Office 14.

http://www.officelabs.com/Pages/Default.aspx

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