Byte Squared has released  a great new business and productivity app called Office², an office app for the iPhone and iPod touch that lets you edit Word documents and Excel spreadsheets in .doc and .xls formats. (Note that the app’s name is pronounced “Office Squared” )

Office² also provides integration with Google Docs, letting you edit Google Docs documents and spreadsheets from within the app. You can also access, move, and delete documents stored in Google Docs, iDisk and any WebDAV server.

The Office² word processor lets you view, create, edit and save documents in Word 97-2003 (.doc) format. It also supports character formatting, tables, images, searching of text within documents, undo and redo up to 100 undo levels, and auto-correction and auto-completion.

The Office² spreadsheet works with Excel 97-2003 (.xls) and handles multiple worksheets with unlimited rows and columns, searching and sorting of cells, cell formatting, cell types, and pane freezing among other spreadsheet necessities. Office² uses the iPhone’s touch screen effectively, letting you tap and drag to change row heights and column widths, and tap cells to compose formulas.

Additionally, Office² acts as a local file store, letting you store and view files of most types. Office² also integrates with Google Docs and MobileMe iDisk, giving you access to your valuable data, wherever you are.

Office² includes the following features:

WORD PROCESSOR FEATURES

• Word 97-2003 (.doc) compatability.
• Character formatting including bold, italic, underline, font face, size, color and highlight.
• Paragraph formatting including indent, left, right, center and distributed justification style.
• Bullets and numbering.
• Support for tables, and images.
• Full text search capability.
• Copy and paste.
• Undo and redo.
• Auto-correction and auto-capitalization.

SPREADSHEET FEATURES

• Excel 97-2003 (.xls) compatibility with support for multiple worksheets.
• Multiple cell types, including Numeric, Date, Time, Currency, Percentage and Text
• Cell formatting options, including bold, italic, text and background color, cell sizes and alignments.
• Merged cells, text wrapping and freeze panes.
• Copy/cut/paste operations.
• A range of functions, including date/time, math, statistical, string and trigonometric functions.
• Import/Export to and from desktop computer over wifi network.
• Tight integration with Google Docs, enabling direct editing of Google Docs spreadsheets.
• Access spreadsheet files stored in a MobileMe iDisk account or any other WebDAV-based server.