An article at tgdaily.com is reporting that Microsoft is introducing its Microsoft Office Suite on a subscription model, rather than the software package the company now markets. The premise of this model is that Microsoft is predicting that less and less people will actually own a copy of the Microsoft Office suite, and will instead rent it out from the company on a month-by-month basis.

The subscription offering is called “Equipt” and includes Microsoft Office Home and Student 2007 – with the latest versions of Word, Excel, PowerPoint, OneNote, and Windows Live OneCare, according to the article. Software updates are also included in the subscription so you will always have the most up-to-date version of the programs. The entire subscription is going for $69.99 a year.

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