The Google video accompanying the announcement of providing offline Google Docs (word processing component only) editing using Google Gears is pretty exciting to see.

Offline access to Google Docs

However, this doesn't mean you have this feature right now. Be sure to read the part of the blog text that says: starting today and over the coming weeks we're rolling out offline editing access to word processing documents to Google Docs users. My Google Docs account doesn't have the new offline editing feature yet (and yes, I have Google Gears installed). But, I'm looking forward to it being turned on and will report back here when it happens.