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Microsoft SkyDrive has been around for a while, but was recently given a fairly significant update.



From MakeUseOf:
We took some time to talk to Microsoft about the new features and play with it all, so here’s a breakdown of what you can expect.

You’ll need a Windows Live account to start making full use of SkyDrive. For those too lazy to read – there’s 25gb of storage, web-based versions of popular Office apps; collaborative editing that doesn’t require everyone to login; and an iPhone app you should probably avoid for now.
  Microsoft Skydrive Gets Big Update - 25GB Of Cloud Storage