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Microsoft’s new suite of Web based Office application is out of the preview phase where you you could opt in, and has rolled out to everyone. The main aspects improved by this release are the improved authoring features present on the Ribbon toolbar, the higher fidelity of the web authored documents when viewed on the desktop, the collaboration features such as simultaneous editing and commenting, and the adaptive touch interface support.

Additionally to these improvements, the mobile interface has also been renewed to provide a better experience to non-Windows Phone devices, like iOS and Android.

You can find more about this new release on this post.

Following this post here, about experiencing modern Office with SkyDrive, namely the improved features driven by the new Office 365 Home Premium, it’s public that you can opt-in by following this: Sign in using this special link and create a new document.
After entering your SkyDrive, you get the following notification:
Create a new document and check out the improvements as well as the new features on these aspects:

• improved authoring
• Touch support
• Document collaboration

Have fun.