Microsoft Dynamics CRM integration with SharePoint Online is here

Most notable from a Microsoft Dynamics CRM perspective, is that Microsoft Dynamics CRM customers can now take advantage of the rich SharePoint Online document management functionality directly within the Microsoft Dynamics CRM application. This provides users the ability to create SharePoint Online Document Libraries dynamically within CRM – when and where they are needed. Companies can add Document Management capabilities to entities such as Accounts, Opportunities, Cases or even custom entities in Microsoft Dynamics CRM.

To take advantage of this functionality follow this link:
http://blogs.msdn.com/b/crm/archive/2011/11/07/microsoft-dynamics-crm-integration-with-sharepoint-online-is-here.aspx