I have a dual-function position where I'm both an IT consultant and a training instructor. I've just started using OLW for sharing class files with my students where they can access the files we've worked on after the class is over. I train not just Office but Crystal Reports, .NET and PHP programming, and other IT courses. It's nice that I can upload non-Office files for my students.
(While I understand the need to block certain file extensions, it was a little off-putting at first. However, being able to upload a zip file is an acceptable workaround, and saves space to boot.)
It's terrific that I can create a workspace for each class, and then share its contents with only those students. Feedback thus far has been positive.
While I haven't yet starting sharing project files with my consulting clients, I'm already imagining how this will be extremely useful, and plan to start doing so soon.