I have since played around with it and am quite impressed. I don't really have a use for running windows on my iPad myself, but many of the people I support claim to need access to Microsoft products. With this app, coupled with cloud storage, now anyone can use Word, Excel, and Powerpoint on this cloud based service....wait for it.....for free. There are a few paid options starting at $4.99/month that give access to Internet Explorer and some storage increase as well as priority access to the app online. The deal maker for many, is that with Internet Explorer access you can run Flash in real time.
All the heavy lifting gets done in the cloud in real time, so you have to have highspeed access to the internet in order to use it. They say that with the free version, access my be limited during high usage times. The paying customers get priority to the server.
You can create documents right on your iPad or download them from your PC or Mac to your online account, which then syncs with your iPad next time you open the app.
If you feel like you really miss Windows or just have to be able to work with Word, Excel or Powerpoint on your iPad, now you can.