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Online storage wizards Box.net have added a beta version feature called Collaboration, in which you can right-click a file and invite other Box users to be Collaborators. All collaborators then see the file in their account and can edit it using the many features in Open Box (Zoho for documents, Picnik for photos etc). Everyone can participate in as many folders as they like (or get invited to) and even free accounts can have 3 collaboration folders. Premium accounts also have access to a version history which gives a complete record of all editing of the documents concerned.