Microsoft Office Student and Teacher Edition (Same as the regular edition for $200 cheaper) is available in the 2004 edition. 2008 is coming out in 6 days so wait haha
And yes, the 2004 will work on the Intel processors, it will just be slower because the system needs to use Rosetta to recode it. Office 2008 will be Universal, meaning it will work with both PowerPC and Intel chipsets. The only reason you will want VMWare Fusion or Parallels is if you want to run the Windows version of Office.
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