Microsoft has bought the domain name Sway.com and appears to be planning a cloud service by that name. Domain name watcher Jamie Zoch noticed the purchase and wrote about his findings yesterday on the site DotWeekly. “I think Microsoft is getting ready to launch the software pretty soon, or it isn’t likely that they would have revealed they were behind the purchase of the domain name yet,” Zoch wrote. It’s hard to imagine exactly what Sway.com might be, although it could well be a cloud-based application, which totally makes sense given Microsoft’s strategic aim these days.