I've been beta testing both Office 2007 and Windows Vista for my employer. I would like to articulate a few thoughts:
Office 2007 is a decent product... good, even. It takes most of the pulldown-menu actions you'd typically perform and renders them as modular selections in a "ribbon" at the top of the page. It has enhanced collaboration abilities and seems fairly stable. It also does its very best to create documents in a format incompatible with previous versions of Office.
Vista, however... while corporate users could afford to upgrade their computers to the specs necessary to run it, it's not targeted to them. It's targeted to home users who don't know how to keep viruses and spyware out of their system. Aero looks slick, but does anyone really need 3-D and transparent windowing?
If Vista is in widespread use a year from now I will be surprised. Office 2007 has more potential and is a worthwhile upgrade if you have a moderately powerful system. If you think either one will catch on, I recommend investing in the companies who will benefit most from users upgrading their systems. MSFT's market cap has increased a lot over the last six months. A jump from 25 to 29-30 is a big deal in a stock with this many shares outstanding.
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