Well, I think I've managed to mix myself up again. How unusual...
I blogged back in January about how great Office Live is but how I wish it would handle OneNote files.
Exploring further, I found that Office Live isn't everything I'd thought / hoped and have probably gotten mixed up with what it does now and what is forthcoming when the new version of Office is released (probably late this year or early next year).
For now, Office Live will allow you to edit Notes online but you can only view Word docs (I'm not sure about Excel or PowerPoint files as I hardly use either).
Not having the ability to handle OneNote files isn't a real concern at present as I am not sharing with other people. For me, I only use Office Live to save documents for my own use.
To be able to share OneNote files, I'm using Live Mesh. The thing that really impresses me about Live Mesh is that a copy of a folder that is part of my mesh is kept on my local machine - very handy for when I'm disconnected from the Internet. The sync is pretty easy too and means that files I create at home can be used at work as well.
I'm using Mesh extensively with my new ASUS netbook as it affords me some cheap backup in the event of failure or theft. Mesh also means I can use EndNote (bibliographic software - I study part time) on several machines and keep my databases in a Mesh folder, so I now get the same databases no matter which machine I'm using.
As for Office Live - I say bring on full online authoring capabilities! It will leave Google Apps for dead as far as I'm concerned. While Google Apps is great for online document editing, it doesn't integrate well with Office and doesn't have any sort of OneNote like functionality. While I do also use EverNote (yep - another product name ending in "NOTE" and I've mentioned all three of them in this post) I use this for other note taking like tasks such as recording receipts. OneNote doesn't really fit this bill and I mainly use it for professional / study tasks.