If you use any of the popular web conferencing solutions available for a fee today you will be happy to know that Microsoft has a free solution now in Beta. I do not know how long it will be in beta, or if it will be a 'pay for' application at some point in the future, but if you need to colaborate with colleagues immediately and don't have the budget for the well-known apps, just go here and give Microsoft's SharedView a shot.
It promises up to 15 concurrent attendees, pre-session handouts so your attendees can research meeting content before hand, request/grant control, integration with Office's track changes functionality, and intergration with MSN messenger among other things.
Don't forget to read the FAQ section for instructions and features.
Hey Microsoft...we like free stuff!
http://eastnetworks.com/blog/htsrv/trackback.php/29
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