05/15/2008 05:12 am ET Updated May 25, 2011

Microsoft Testing Waters With Facebook?

Project Granola?

Apparently, that's the jokey nickname that's been given by some in the company to Microsoft's (MSFT) new online strategy, in the wake of its failed efforts to acquire Yahoo (YHOO) that ended in a big heap of mess this past weekend.

Now, sources tell BoomTown, it is all about "organic"-hence the image of a healthy handful of granola (except for the fact that, in my experience, nobody really likes granola after eating it as much as they think will before).

In any case, it is a word Microsoft folks have been slipping into the conversations with BoomTown over the past few days, so much so that I have started to feel like I was talking to execs from Whole Foods.

Now Microsoft's greenness has gone public.

Read more on All Things Digital