Buzzword doesn't really impress me that much. I don't see anything that really sepearates it from Google Docs. However, the ConnectNow virtual meeting site looks like it might have some real potential. The screen sharing aspect of looks incredibly useful, unfortunately I don't have anyone I know online to give it a proper demo. I'll have to try this out tomorrow at work.
Its interface is what I find most impressive about it, but functionality-wise the commenting and reviewing features are really nice -- there's a floating icon that lets you nestle comments into the margin and if you click on a comment it spotlights the region of the text it refers to. I've been in a lot of situations where this sort of thing would've come in handy, and combined with the other collaboration features they're introducing, it could make for a pretty great setup.