CRN has published an overview of their ‘15 Best Product for 2011’. Office365 is their pick for best Cloud Application :
Cloud Application: Office 365
Microsoft launched its cloud-based service for Exchange, SharePoint and Lync -- with support for online versions of its Office franchise -- with ultra-competitive pricing starting at $6 per month per user. Enterprises can be up and running with full functionality within minutes, it can be managed in-house or remotely by resellers, and we found it to be uber-flexible and compelling. It’s the real deal, and it blows away Google Apps.
Remarkable also that other then the highlighted text no mention of Google product / service anywhere in the whole overview.
Source : CRN.com