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Import Data into Product Entity from external source

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I have a need to import/overwrite Data into the Product entity.  I am hoping I can do this from an asp.net application hosted on our servers to CRM 2011 Online. 

I am working on a costing program that is hosted on our internal web server and I need away to push the updated product information from my ASP.NET app to CRM Online.  This would need to be done, say when a end user pushes the "submit" button in my application.  I can put the data in any format needed (IE csv or XML), but I can't seem to find the information to help me get started on this project.

 

I guess I am asking (A). is this possible and (B) if it is can someone please point me to an article or examples?

Even if I have to create the XML with my app and store the information for another program or script to upload once every hour, this would be fine.  It would just be to difficult for me to have to upload the new Product.XML everytime a change is made manually via the import wizard.


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