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I was lucky enough to get the MS Office 2010 Professional Plus bundle through the Microsoft Home Use Program for $9.95 last week. So I upgraded my old 2007 copy and have been using it ever since. So far I have just used the basics, you know, Outlook, Word, Powerpoint, and Excel. I really like the Outlook interface, although functionally very similar to the 2007 version, the interface seems much smoother and more intuitive.
All I can say is after using this on all my machines in the house for a couple of years now, I couldnt imagine using anything else. It is one powerful package. I am glad I got it.
I have been looking at the latest MS Office release, and I will be quite honest, I am not a fan of cloud services at all.