Well, I was able to do the same article in a similar format on both Google Docs and ThinkFree. I was even able to download the essays as PDF onto my desktop with both; however,ThinkFree could be a bit or a lot slower than Google Docs, in particular the fact that it has to open another window for editing the text and downloading the Java script.
You do get about the same amount of storage: 1 GB. However, another downer about ThinkFree is it ain't free. What you get is a 30 day free trial, but eventually you will have to pay. This I gathered from the FAQ's in Thinkfree Help.
http://help.thinkfree.com/views/jsp/user/help_center/contents/userFaqView.jsp
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