Well i guess the only reputable challenger would be OpenOffice.
The latest release version is Open Office 3.0.
In the new version: native Mac OS X compatibility, support for version 1.2 of the OpenDocument format, and compatibility with Microsoft's OOXML format.
The latter feature is particularly useful, given that Office 2007 saves .docx files by default - something that's confused many a hapless user as they tried to send stuff to people using older versions of the office suite.
Here's the link to it.
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