Yes, you are correct. But the newest version, Office 2010, is much better and also supports VBA. My coworker that uses the beta version is positively surprised

Yes, you are correct. But the newest version, Office 2010, is much better and also supports VBA. My coworker that uses the beta version is positively surprised at the quality of the product. EDIT: It's actually named 'Microsoft Office for Mac 2011' and not 2010 and will be released at the end of October.