Seems to be compatible with MS Office which is pretty cool.
Open Office is awesome. I recommend it to anyone who is out looking for less than legal copies of MS office. It can open and edit .doc files. It uses the ODF and is just as capable for most people as MS Office. It's an entire suite of software with replacements for Word, Powerpoint, Excel......but yeah, awesome.
Wellington Florida
Married
I've never used it but I have heard good reviews on it. PCMag has quite a few write-ups on it that you can read HERE and they did a review on it here (with screen shots):
OpenOffice.org 3.0