Get Ready for M(icrosoft) Drive

In an effort to take on the Google’s online storage efforts, it seems Microsoft is about to launch a new online storage service. The word of this online storage drive effort is embedded deep in the Fortune magazine story on Ray Ozzie. (Business 2.0’s next issue has an interview with Ozzie by John Battelle. Its a good read!)

Microsoft is planning to use its server farms to offer anyone huge amounts of online storage of digital data With Live Drive, all your information—movies, music, tax information, a high-definition videoconference you had with your grandmother, whatever—could be accessible from anywhere, on any device.

Mary Jo Foley has dug up more details and points out that this online storage effort is called Live Drive. I have to wonder what impact it will have on dozens of online storage companies that are popping up all over the place?