Update: Its really Office 2008...
Microsoft Office 2007 on OS X is a complete pig. I was so looking forward to finally having an Intel native version of Office so I wouldn't have to put up with long start times and the SBOD (spinning beach ball of death). With Office 2007, they're worse! I've rarely been as disappointed in a software product. Office 2004 is a better Office--even in Rosetta. Heck, Office on XP running in Parallels is a better Office. I'm glad BYU has a site license because I'd be really mad if I'd actually paid for this.