The program has allowed me to overcome two persistent issues I've continuously struggled with over the past couple years. First, I always conducted my document backups by saving files on my school's network drive. While that practice was useful while I'm on campus, I had no means of accessing the files from home. With Foldershare, backups are made automatically when I make a change.
My second issue was with transferring files from my laptop to my office computer and back again. I used to send myself emails or use my thumb drive to transfer these files. The main drawback of this system of transfer was ensuring that the documents I was working with is the latest version. Now, versions are identical on both computers. Any changes on one computer is immediately reflected on the other. I tested this feature by saving a document on my office computer. I then turned to my laptop, which was connected through wirelessly to the same network, logged in, and viewed the shared folder. The document was already there. In less than 15 seconds, the entire word document had been transfered.
While I have tried out the "share with others" option, I'm guessing it works identically. As long as your colleagues have Live FolderShare installed on their computers, you both work on the same document. According to Microsoft
Sharing with friends, co-workers, and family is easy when you add and update files in a shared library. Large files? Not a problem - FolderShare can sync files up to 2 GBs in size. And it works on both Mac and PC.
I'm not sure what will happen if you both try to work on a document at the same time. But hopefully you will receive some sort of message/error if you do.
Microsoft suggests they will try to integrate applications into this FolderShare program in the future. How exactly that will be done, I'm unsure, but very curious to find out. If anyone knows more about this, please let me know.