Our company is a microsoft partner so we use MS Office a lot here. However, we've also got a few people using OO. I've even spent some time in OO and I have to say, impressive! Where Excel is concerned, I wouldn't have a problem using OO for that. However, where MS Word is concerned I think I'll stick with MS Word.
I realize this is thread on Excel vs OO, but they are both "packages" and if one key part is weak it affects the whole package.
Also, my programming team attempted to integrate with OO. They found it not so easy to do and we scrapped it for now.
Anyway, my 2 cents.
Bradley