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I understand from various web sources that documents stored in SharePoint 2007 and accessed by Office 2007 can be auto saved by a time setting. Usually it is referred to as the "Auto Recovery Setting" in Office 2007.

Is this similar to Google's auto save "Draft" with a TimeStamp or a simple Telerik RAD Editor ASP.NET AJAX Solution which does this for ASP.NET application?

Would like to know the best practices in this regard?