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Yes, I use Google Doc's to create, edit, back up and share/collaborate my documents, presentations, forms and spreadsheets online with my web browser by logging into https://docs.google.com/ with my Gmail Google Account.
It is also easy to export and save the files back to my computer as a .doc, .ppt, .odt, .pdf, and other file format for backup or e-mail purposes while still having a copy of my work safely stored in Google Docs.
What is cool is I can star important documents, add folders, and easily search my documents from the website.
Google Docs is also very fast and easy. The Autosave function on Google Docs is useful as well since if your computer or browser crashes or breaks you won't lose your work.