iWork '06 (complete package)

Pros: solid, clean word processing for 99% of the typing anyone does

Cons: no foreign language spell/grammar checks

Summary: I thought the review of Pages was rather harsh; it is the best word processor I've found that balances powerful features with a clean interface. It is simple to use (unlike Word), completely compatible with almost every format available, and has enough features to make most anything (I would call it to be more of a cross between Word and Publisher than just a strait up word processor). I use it for everything except typing papers in foreign languages, for which I find Word's spelling and grammar checks useful (though still very flawed). I would (and have) still recommend this program to anyone besides the most ardent formatters and publishers.