Hold on. Before you go off looking for the rumored Office Live versions of Word, Excel, and PowerPoint there is something you should know. Office Live has nothing to do with the Microsoft Office productivity suite, even though it’s been rumored to consist of online versions of the Office applications for months. As it turns out Office Live is a web hosting and business application online service for very small businesses who don’t currently have a web site. Office Live will offer email accounts and web hosting for companies with fewer than 10 employees and the Office Live Basic service will be free. There will also be some business software available for tracking expenses and other similar business applications.