
1) As the title says, WTF is Equipt?
"This appears to indicate that all those gazillions of people that bought MS Office 2007 Home and Student edition will need to cough up and buy another version of Office in order to continue to create documents. Is this really true?"
No, they do not have to buy Office. They can get OpenOffice for free. There will be now a flood of responses on how OpenOffice is a piece of crap. Bull. There's real odd uses where it's not compatible enough, but for most uses (such as Home and Student use...) it's a drop-in for Word, Powerpoint, and Excel. Some versions of OpenOffice 2.4 (including the one included with Ubuntu), and all versions of OpenOffice 3.0, support the docx, pptx, etc. files that Office 2007 uses. You can go to Tools->Options->Load&Save->General, and change the "Always Save As" setting to whatever file format you'd prefer -- I would use the Office 97/2000/XP setting. That way you don't even have to remember to "Save As" an Office file, it'll just do it for you.
Problem solved!