That is the question most of us would be asking when the Redmond giant throws down the gauntlet in the in e-CRM space, dominated by Salesforce.com.  

The new product, Microsoft Dynamics CRM Live, is the most extensive business push on the Web for the software giant. Starting in mid-2007, the company will host a service on its data center servers that will let customers manage business contacts and help them follow sales leads. The software will have the same look and feel that the packaged version of Microsoft Dynamics CRM has today.

Businessweek has more on Microsoft’s catch-up plan and Salesforce.com