The quest to combine the easy distribution of the Internet with the rich functionality of the desktop continues. In Longhorn, MSFT combines rich, easy-to-build applications with secure network distribution, all under their proprietary formats. The idea is that it will be easy to build these small local applications than web applications (ie. Amazon.com, not staticpage.html). IBM has a similar product launched within it's Lotus brand (division) called something like the "On Demand" workspace client.
Incidently, as far as I can tell, IBM no longer plays the "stack" game, at least not in a way I can discern. Microsoft still is.
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