RIP Quicken Online

After its acquisition of Mint, you knew that Intuit had one too many online PFM tools and Quicken Online had to go.  Given that the purchase of Mint was less than two months ago, you wouldn’t have expected Inuit to throw both in the Thunderdome and have the crew chant “Two Men Enter, One Man Leave” this quick, however that is the case as Intuit announced that they are weening their users off of QOL and moving towards the new “Mint from Quicken”.

Here are some of the features we should expect to see from MfQ:

From Mint.com, we will incorporate:
• Extra money management power: from the ability to track investments, to additional budgeting functionality to help you save and do more with your money.
• Access to Mint.com’s Savings Engine, which uses a patent pending algorithm to analyze spending trends and finds ways to save money – on average at least $1,000 on the first visit – by showing you the best checking and savings accounts, optimal credit cards, the best interest rates on CDs and more, all tailored specifically to your financial situation.

From Quicken Online, we’re going to continue to offer the tools you’ve grown to love:
• The ability to enter and manage cash purchases or checks that haven’t yet cleared
• The combined product will support all 14,000 financial institutions currently served by Quicken Online – up from roughly 8,000 currently supported by Mint.com.
• An upgraded iPhone application that includes the popular ATM finder.

To read more, check out the blog post by Aaron Patzer, VP and GM of Intuit’s Personal Finance Group

My one question:  When will we see the fall of the desktop version of Quicken?  With everyone wanting to work in the “cloud”, that application seems like it has a target on its back.