Google released Google Drive in April, which gives users 5 GB of free online storage for their Google documents, photos, videos, PDFs and more. There's a Mac appavailable, and earlier this month, Google updated Google Drive for iOS (free, universal) to include rich text editing.

This update, version 1.1.0, lets you create new documents, edit existing ones and style text. There's more good news if you use Google presentations, as this update will let you view your decks complete with presenter notes. If that's not enough, you can also create, modify and move folders.

You still can't edit presentations or spreadsheets within the app, but the functionality should be on the way.

Pretty sweet! Check out this free app now and get to work.

[Source: TUAW]