Yeah you are right, Office 2007 beats Office 2008 for the Mac hands down IN SPEED ONLY.
Anyway before this turns into a WIN vs OSX thread, I think the iPhone3GS is really going to make those anti-iPhone people rethink or take a second look.
BTW - what the hell does the S stand for?
No, it beats it in every possible way. Outlook beats Entourage into the ground among other things, and the ribbon interface is far superior to the 2008 version. Trust me, I would know, I administer 10 Macs at work (the people who use them say the same thing) and use one myself.
Out of interest, what is the fastest rate you can get typing at on your iPhone keyboard?
The S stands for Speed btw.