Google today added features for presentations to the Google Docs application. At http://documents.google.com, users can create simple web-based presentations that others can update and view from their own computers, even at the same time. Google Docs is an innovative, web-based platform for creating, sharing, storing, and publishing documents; it now includes capabilities for word processing, spreadsheets, and presentations.

Starting today, users can:

• Create and keep presentations in one place on the web that’s accessible anytime, from any Internet connected computer.
• Manage, update and share presentations with colleagues by sending them a simple email invitation.
• Edit together online and in real-time, or contribute at different times to the same presentation on the web.
• Present and control slide shows for all viewers over the web, with no special setup required. Chat with viewers in real-time via integrated chat.
• Import existing presentations to get started quickly.
• Quickly publish presentations to the general public or individuals of their choice.

Now back to the question “Is it PowerPoint killer?”
Before we compare the presentation applications/solutions from Google and Microsoft,  Check out the latest PowerPoint(2007) demo here .

Office PowerPoint 2007 offers many new and improved features. Some of the features are listed below.

• The Microsoft Office Fluent user interface makes it easier to create professional-looking presentations and boosts productivity.
• Custom layouts help you quickly create the precise layout you envision without being confined to one of the prepackaged standard layouts.
• SmartArt™ graphics and other shape effects give you the ability to add
• 3-D effects, glow, shadowing, and other powerful visuals to your presentation elements.
• SmartArt diagram tools help you create professional diagrams and flow models.
• Rich text and typography effects boost the impact of your design.
• PowerPoint Themes help you apply a consistent look to every graphic, font, and table color in an Office PowerPoint 2007 presentation with a single click.
• PowerPoint Slide Libraries help you publish and share slides and layouts while easily accessing content from other presentations.
• PowerPoint XML Formats are more compact, so you can share presentations more effectively.
• Save as PDF or XPS functionality gives you the ability to share your presentations with customers or clients on other platforms.
• Initiate and simplify the review and approval workflow process directly from Office PowerPoint 2007 by using Microsoft Office SharePoint® Server 2007.
• Managed document repositories can be accessed from within Office PowerPoint 2007, so you have greater control over presentation versions.
• Digital signatures enable you to apply a digital signature to Office PowerPoint 2007 presentations, so others can verify the content has not changed since it was published.
• Document Inspector helps ensure private data stays that way by helping you detect and remove unwanted comments, personal information, and hidden text.
• …etc

Feature wise we cannot even compare these presentation applications. It can be a killer app after 5 years, if Microsoft freeze the PowerPoint project in current stage