I say "quietly," because the announcement of Oracle Collaboration 10g seems almost timid compared to the noisy but unfortunate promise of a "tsunami" when the product was foreshadowed last year. Since then came delays in the product release and the Indian Ocean devastation, so now Oracle has taken a more measured tone. Oracle offers ECM in the guise of a collaboration suite, providing various features MS SharePoint doesn't natively offer, like messaging and records management. The 2 products represent polar extremes of how to approach ECM in the enterprise: Oracle selling to the CIO with the promise of enterprise control through comprehensive APIs; SharePoint appealing to the departmental IT manager who can quickly meet customer demands for lightweight portals and document sharing. I tend to think Microsoft's approach will continue to prevail, but in our age of heightened central scrutiny, Oracle will win its share of seats as well.