YES! you can now edit spread sheets and create shortcuts in latest google drive update!!
1. Edit Google spreadsheets in new native editor
2. Edit contents of tables in Google Docs editor
3. Formatting is maintained when copy/pasting within Google Docs
4. Single tap to enter edit mode in Google Docs editor
5. Add a shortcut to Drive files/folders to your homescreen for quick access
6. Send Link now supports copying link to clipboard
1. Edit Google spreadsheets in new native editor
2. Edit contents of tables in Google Docs editor
3. Formatting is maintained when copy/pasting within Google Docs
4. Single tap to enter edit mode in Google Docs editor
5. Add a shortcut to Drive files/folders to your homescreen for quick access
6. Send Link now supports copying link to clipboard