Microsoft announced a new service today that allows consumers to subscribe to Microsoft Office and Windows Live OneCare in one package. The service is called Microsoft Equipt and will cost $69.99 for one year of service and will be sold through circuit City stores starting in mid-July.

Equipt provides subscribers with Microsoft Office Home and Student 2007 including Word, Excel, PowerPoint and OneNote. Also included is Windows Live OneCare all-in-one security and PC management service. When new versions of Office or OneCare are introduced subscribers get the new version for free. Users wanting Outlook are out of luck with Equipt.

"With Microsoft Equipt we're improving our customers' computing experience by giving them essential software in a package that offers an easy install and setup experience, as well as a convenient and affordable way to stay updated with the latest versions of Office and Windows Live OneCare," said Bryson Gordon, group product manager, Microsoft Office.

Via Microsoft