Summary: Word is the defacto standard when transfering files between people. For this reason, you will probably need to use this product primarily for compatability. A good alternative that will give you almost complete compatability is Star Office.
Pros: Cost there are cheaper products that do the same think like Star Office
Cons: Cost there are cheaper products that do the same think like Star Office
Summary: word is just the standard - i don't like the free tools like google docs or open office, too quirky for me.... word is where its at! i mean just because something is free doesn't mean its better... as one of the first word processors they just had a leg up on adding features and keeping the software awesome. imo they have done so. you don't find too many business people using free tools, word is where business is done.
Summary: I think that this Office Suite is perfect. It is a lot better in my opinion than Office XP. Office XP has a lot rif-raf. If your looking for an industrial strength Office Suite, go with Office 2000 !
Pros: Its one of ht emost stable Word Processors of its time
Cons: There could be more integration with graphics
Summary: I used WordPerfect for years for everything from desktop publishing (in DOS!) to macros. Was forced to go to Word because it's the industry standard. Overall, I still prefer WordPerfect's approach (they give all of Word's help features for novice users, but allow experienced users full control of the product), but I can do everything I need to with Word. Macros are actually slightly better in Word, since they use VBA rather than a proprietary system.